As TD Bank takes corrective action after being fined by U.S. regulatory authorities for compliance breaches, TD Bank's global anti-money laundering officer, Herbert Mazariegos, has reportedly left its functions with immediate effect.

After leaving Bank of Montreal, Mazariegos joined TD in November 2023, where he held the position of Anti-Money Laundering Manager for over four years. He was hired as part of TD's efforts to reorganize its risk and compliance team. According to the news agency Reuters, Mazariegos, hired while outgoing CEO Bharat Masrani was in charge, will be replaced by Jacqueline Sanjuas, who is responsible for managing risks related to financial crime in the United States