TD Bank names Andrew Jensen to manage financial crime risk in Canada

By Nivedita Balu

TORONTO, July 9 (Reuters) - TD Bank TD.TO has appointed Andrew Jensen as the head of financial crime risk management in Canada, replacing interim head Stephen Joyce, according to a memo sent to staff by global anti-money laundering chief Jacqueline Sanjuas on Wednesday.

The change is one of many at the Canadian lender as it undergoes a U.S. government-ordered anti-money laundering remediation program following a historic $3 billion penalty by U.S. regulators for lapses in its risk systems.

Jensen joined TD in 2024 as the global head of sanctions as a part of the bank's move to hire experts with regulatory experience. He will retain global oversight of sanctions and report to Sanjuas, the memo said.

Jensen spent over seven years at the U.S. Department of Treasury and also held senior roles at Citi C.N and Scotiabank BNS.TO on global sanctions teams.

The change is effective July 14, the memo said.

A TD Bank spokesperson confirmed the move and the content of the memo.