TD is in the process of finding a monitor to observe its operations, track its progress on risk and controls and report to regulators, according to one of the sources
is preparing to install U.S. government-ordered monitors and has moved to reassure employees that it had enough resources to comply with laws prohibiting money laundering, according to two sources familiar with the situation.
The lender is in the process of finding a monitor, typically a third-party consultant or law firm, to observe its operations, track its progress on risk and controls, and report to regulators, according to one of the sources, who declined to be identified discussing compliance matters. Salom told staff that the bank’s main priority was enhancing its AML program and meeting its obligations, the first source said.
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