Written by Nivedita Bal
TORONTO (Reuters) – TD Bank has hired Georgia Stavridis from Royal Bank of Canada to the newly created role of vice president of financial crime risk management, three people familiar with the matter told Reuters. spoke.
She was appointed chief compliance officer at HSBC Bank of Canada in 2020 and moved to RBC earlier this year following the $10 billion acquisition of HSBC's domestic division.
Mr. Stavridis will be responsible for the strategy, performance and results of Canada's financial intelligence sector.
In October, TD Bank became the largest bank in U.S. history to plead guilty to violating federal anti-money laundering laws, agreeing to pay more than $3 billion in fines to resolve the charges.
As part of the process to revise its compliance and risk programs, TD has hired numerous senior executives, including Herb Mazariegos, BMO's chief global anti-money laundering officer, and senior officials from the U.S. Federal Bureau of Investigation and the U.S. Department of Homeland Security. hired. , City's Marcy Forman and Jacqueline Sanjuas, and several others.
HSBC Holdings received a $1.92 billion fine from U.S. federal and state law enforcement agencies in 2013 for violating rules aimed at deterring money laundering and disrupting trade with countries under U.S. sanctions. fined $.
Several HSBC executives have left RBC since their six-month guarantee expired in September.
(Reporting by Nivedita Bal in Toronto; Editing by Chris Rees)
