The Globe and Mail reports in its Friday edition that TD Bank chief executive officer Raymond Chun says the bank is making the kind of culture changes needed in the wake of its disastrous anti-money-laundering failures. The Globe's Stefanie Marotta writes that since U.S. regulators and law enforcement levied severe penalties on the bank in October, 2024, TD has been addressing strict remediation requirements. The bank has rolled out the first phase of a new platform to evaluate customer activity and enhanced customer screening procedures. TD is continuing to conduct reviews of its previous AML practices and upgrade training for employees, among other measures. As part of this, TD is conducting more consistent assessments of its AML capabilities and systems and ensuring that they meet or exceed standards across the banking industry -- a process that previously wasn't being done sufficiently. The bank has also hired new leaders and staff with experience in regulation, law enforcement and AML, and increased leadership training for executives across the company. "We've made significant changes across other disciplines, compliance, legal team and so on," Mr. Chun said. These include obligating staff to escalate issues.