TD Bank said it is making progress on anti-money laundering systems in the U.S., after it faced significant fines for failing to catch the activity. Photo by Spencer Colby / The Canadian Press

Toronto-Dominion Bank has assembled a group of 40 executives from top lenders and law enforcement agencies, such as Homeland Security and the Federal Bureau of Investigation (FBI), to build out its anti-money laundering (AML) program, the head of its wing in the United States said almost a year after the bank was fined by U.S. regulators.

These executives have brought a “tremendous amount of experience,” Leo Salom, chief executive of TD Bank in the U.S., said at the Scotiabank Financials Summit in Toronto on Wednesday.

Canada’s second-largest bank has been strengthening its AML program an

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