The Daily Delta - Canadian AML & Financial Crime News
July 17, 2026
Featured
Investment Executive
Two former TD Bank employees in New York were sentenced to prison for separate financial crime offences involving misuse of their positions at the bank. Former assistant branch manager Wilfredo Aquino received 46 months after admitting he helped facilitate a money laundering network that moved hundreds of millions of dollars through TD accounts, while Edward Low was sentenced to 24 months after accepting bribes to obtain confidential customer information and falsifying records to open an account used in a fraud scheme. The cases are a reminder that AML, confidentiality, recordkeeping, and escalation obligations apply to employees across regulated entities—not only compliance teams—and that deliberately bypassing controls or misusing access can result in personal criminal liability.
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