Five Issues for Compliance Managers/Money Laundering Reporting Officers (CM/MLRO); the TD Bank Case Study

The TD Bank case is a clear reminder that a compliance culture must be built from the top down and executed from the ground up. A CM/MLRO can only succeed if they are supported by adequate resources, modern technology, responsive governance, and an informed workforce.

Explore with me Five Issues for the Compliance Manager/Money Laundering Reporting Officer, using the TD Bank Case Study.

Key Takeaways:

• Understaffed AML teams are a systemic weakness. Hire and train strategically.
• Outdated systems cannot keep pace with evolving threats. Upgrade regularly.
• Employee awareness and internal conduct monitoring are key compliance pillars.
• Audit findings must lead to immediate corrective action.
• Board engagement is not optional—it drives the tone and strength of the compliance program.

Let’s explore Top Five Issues for Compliance Managers; the TD Bank Case Study