Finance
TD Names New Chief Compliance Officer Amid Laundering Probes
- Former Citigroup banker Erin Morrow replaces Monica Kowal
- Bank’s money-laundering controls under scrutiny in US probes
Toronto-Dominion Bank has tapped Erin Morrow as its new chief compliance officer, a key role as the bank faces ongoing US investigations into its anti-money laundering controls.
Morrow, who was most recently deputy chief compliance officer, replaces Monica Kowal, who left July 2, according to an internal company memo reviewed by Bloomberg News. A senior vice president, Morrow reports to Ajai Bambawale, chief risk officer at Canada’s second-largest lender.