Summary

The TD Bank Anti-Money Laundering case centres around serious allegations and investigations into the bank’s failure to prevent money laundering activities, particularly in connection with large-scale fraud operation.

The bank failed to file Suspicious Activity Reports (SARs) in a timely and consistent manner. In some cases, large and unusual transactions were not flagged or investigated adequately, raising concerns about the bank’s internal compliance procedures. The course examines the investigations and allegations that the bank had weak AML controls and were involved in fraudulent schemes and the complications around the cross-border risks and oversight, together with the regulatory scrutiny issues and fines and penalties imposed.

The issues around what measures a board should take to strengthen oversight in AML compliance is a core focus of the course.

This course is one of several courses within the Professional Certificate in Risk Management. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Designed for C-Suite executives in financial services, including CEOs, Chief Risk Officers (CROs), Chief Compliance Officers (CCOs) and Board members including NEDs. Also aspiring executives and senior managers.

Course Objectives

• Understand the events leading to TD Bank’s AML scandal and its governance failures

• Identify regulatory expectations for AML compliance and risk management

• Recognise the board’s role in financial crime prevention and compliance oversight

• Analyse the consequences of weak AML controls and ineffective compliance frameworks

• Learn best practices for corporate governance and ethical decision-making in financial crime prevention

• Assess post-scandal regulatory reforms and their impact on financial institutions

• Develop effective strategies to mitigate AML risk and strengthen compliance structures

Course Structure

• Section 1: Introduction to the TD Bank AML Scandal

• Section 2: Governance and AML Compliance Failures

• Section 3: Case Study Aspects - TD Bank Analysis

• Section 4: Strengthening Board Oversight in AML Compliance

• Summary

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 60 and 90 minutes, depending on your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.