TD Bank hires former HSBC Canada compliance officer to oversee financial crimes risk management

From Investing.com: 2024-11-29 18:55:40

TD Bank has hired Georgia Stavridis from RBC as a VP in financial crimes risk management. She previously served as the chief compliance officer for HSBC Bank Canada and will oversee the financial intelligence unit in Canada.

In October, TD Bank pleaded guilty to violating a federal law on money laundering, agreeing to pay over $3 billion in penalties. To address compliance issues, TD has hired senior executives from various financial institutions and government agencies.

HSBC Holdings was fined $1.92 billion in 2013 for money laundering violations. Several HSBC executives have left RBC since a guarantee to keep them expired in September.



Read more at Investing.com: TD Bank taps HSBC Canada’s former chief compliance officer, sources say By Reuters