Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

TD Bank taps HSBC Canada’s former chief compliance officer, sources say

admin by admin
December 2, 2024
in Economy
0
TD Bank taps HSBC Canada’s former chief compliance officer, sources say
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

By Nivedita Balu

TORONTO (Reuters) -TD Bank has hired Georgia Stavridis from Royal Bank of Canada to become a vice president in financial crimes risk management, a newly created role, three sources told Reuters. 

She was appointed chief compliance officer for HSBC Bank Canada in 2020 and moved to RBC earlier this year after it acquired HSBC’s domestic unit for $10 billion.

Stavridis will be tasked with strategy, performance and results for the financial intelligence unit in Canada. 

In October, TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay over $3 billion in penalties to resolve the charges.

As a part of the process to fix its compliance and risk program, TD hired a number of senior executives including Herb Mazariegos, its chief global anti-money-laundering officer from BMO, senior U.S. Federal Bureau of Investigations and U.S. Department of Homeland Security officials, Marcy Forman and Jacqueline Sanjuas from Citi, and several others.

In 2013, HSBC Holdings Plc (LON:HSBA) was fined $1.92 billion by federal and state investigators in the U.S. on charges it flouted rules designed to stop money laundering and thwart transactions with countries under U.S. sanctions.

Several HSBC executives have left RBC since a six-month guarantee to keep them expired in September. 

This post appeared first on investing.com

Previous Post

Indonesia, Canada sign comprehensive economic partnership

Next Post

Tesla leads November’s global market value surge

admin

admin

Next Post
Tesla leads November’s global market value surge

Tesla leads November’s global market value surge

Trending News

As LVMH extends Arnault’s reign, succession concerns still linger: here’s why investors worry

As LVMH extends Arnault’s reign, succession concerns still linger: here’s why investors worry

April 18, 2025
Blackrock’s IBIT is a good Bitcoin ETF: Grayscale’s BTC is better

Blackrock’s IBIT is a good Bitcoin ETF: Grayscale’s BTC is better

January 5, 2025
US and Russia to meet in Saudi Arabia for Ukraine talks: what’s on the agenda?

US and Russia to meet in Saudi Arabia for Ukraine talks: what’s on the agenda?

February 18, 2025
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.