Meeting prep · TSX: TD · Mega Diamond · Piyush.Bhatnagar
The Toronto-Dominion Bank (TD Bank Group)
US AML remediation under a $3B penalty and an asset cap; strategic review and restructuring under CEO Raymond Chun
Raymond Chun
CEO · Executive on file, Plan buyer
Relationship
Not mapped
Likely agenda
Enterprise-wide priorities
Account health
51 Focus now · Mega Diamond account; about $39M of planned deals (est.); 1 open consent order or agreement
Their priorities
Raymond Chun (CEO since February 2025) is fixing US AML (a multi-year remediation, the top priority), running a strategic review with restructuring, and repositioning the US balance sheet under the asset cap (selling $9B+ of mortgages). unverified
AML progress is "coming along" (Q2 2026). unverified
Recent news
Oct 2024 · Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. Regulatory actions
Talking points
AML remediation is a multi-year, board-level mandate. Bring scaled transaction monitoring, data lineage and financial-crime operations.
The strategic review and restructuring suits an operating model and cost program.
Plays to raise
Restructuring and cost programCost & operationsIdentifiednamed buyer
Why now: The strategic review and restructuring suits an operating model and cost program.
Ask: A 4-week cost baseline and value-at-stake review: spend cube, benchmarks and 3-5 levers with savings ranges, ready for the next earnings or board cycle.
AML and financial-crime transformationRegulatory & riskIdentified
Why now: US AML remediation under a $3B penalty and an asset cap; strategic review and restructuring under CEO Raymond Chun.
Ask: A 6-week controls and operations diagnostic: baseline alert volumes, backlog and cost per case, then pilot AI-assisted case triage on one queue with model-risk documentation regulators can read.
Open consent order with DOJ, FinCEN, OCC and Federal Reserve ($3.1B): Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. unverified
AML monitorship, the asset cap and US growth limits, and conduct.
51 Focus now · Mega Diamond account; about $39M of planned deals (est.); 1 open consent order or agreement
Their priorities
Raymond Chun (CEO since February 2025) is fixing US AML (a multi-year remediation, the top priority), running a strategic review with restructuring, and repositioning the US balance sheet under the asset cap (selling $9B+ of mortgages). unverified
AML progress is "coming along" (Q2 2026). unverified
Chun succeeded Bharat Masrani. Kelvin Tran is CFO. New AML and risk leaders were brought in. unverified
Big AML tech remediation (transaction monitoring, data). Cloud (Azure). AI under governance. unverified
Big Four firms and AML specialists are heavily involved in remediation (industry pattern). unverified
Recent news
Oct 2024 · Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. Regulatory actions
Talking points
AML remediation is a multi-year, board-level mandate. Bring scaled transaction monitoring, data lineage and financial-crime operations.
The strategic review and restructuring suits an operating model and cost program.
Plays to raise
Restructuring and cost programCost & operationsIdentifiednamed buyer
Why now: The strategic review and restructuring suits an operating model and cost program.
Ask: A 4-week cost baseline and value-at-stake review: spend cube, benchmarks and 3-5 levers with savings ranges, ready for the next earnings or board cycle.
AML and financial-crime transformationRegulatory & riskIdentified
Why now: US AML remediation under a $3B penalty and an asset cap; strategic review and restructuring under CEO Raymond Chun.
Ask: A 6-week controls and operations diagnostic: baseline alert volumes, backlog and cost per case, then pilot AI-assisted case triage on one queue with model-risk documentation regulators can read.
Open consent order with DOJ, FinCEN, OCC and Federal Reserve ($3.1B): Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. unverified
AML monitorship, the asset cap and US growth limits, and conduct.
Chief Compliance Officer
Name not on file · Plan buyer
Relationship
Not mapped
Likely agenda
Regulatory & risk, Cyber & resilience, Data & analytics
Account health
51 Focus now · Mega Diamond account; about $39M of planned deals (est.); 1 open consent order or agreement
Their priorities
Raymond Chun (CEO since February 2025) is fixing US AML (a multi-year remediation, the top priority), running a strategic review with restructuring, and repositioning the US balance sheet under the asset cap (selling $9B+ of mortgages). unverified
AML progress is "coming along" (Q2 2026). unverified
Chun succeeded Bharat Masrani. Kelvin Tran is CFO. New AML and risk leaders were brought in. unverified
Big AML tech remediation (transaction monitoring, data). Cloud (Azure). AI under governance. unverified
Big Four firms and AML specialists are heavily involved in remediation (industry pattern). unverified
Recent news
Oct 2024 · Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. Regulatory actions
Talking points
AML remediation is a multi-year, board-level mandate. Bring scaled transaction monitoring, data lineage and financial-crime operations.
The strategic review and restructuring suits an operating model and cost program.
Plays to raise
AML and financial-crime transformationRegulatory & riskIdentifiednamed buyer
Why now: US AML remediation under a $3B penalty and an asset cap; strategic review and restructuring under CEO Raymond Chun.
Ask: A 6-week controls and operations diagnostic: baseline alert volumes, backlog and cost per case, then pilot AI-assisted case triage on one queue with model-risk documentation regulators can read.
Open consent order with DOJ, FinCEN, OCC and Federal Reserve ($3.1B): Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. unverified
AML monitorship, the asset cap and US growth limits, and conduct.
Chief Risk Officer
Name not on file · Plan buyer
Relationship
Not mapped
Likely agenda
Regulatory & risk, Cyber & resilience, Data & analytics
Account health
51 Focus now · Mega Diamond account; about $39M of planned deals (est.); 1 open consent order or agreement
Their priorities
Raymond Chun (CEO since February 2025) is fixing US AML (a multi-year remediation, the top priority), running a strategic review with restructuring, and repositioning the US balance sheet under the asset cap (selling $9B+ of mortgages). unverified
AML progress is "coming along" (Q2 2026). unverified
Chun succeeded Bharat Masrani. Kelvin Tran is CFO. New AML and risk leaders were brought in. unverified
Big AML tech remediation (transaction monitoring, data). Cloud (Azure). AI under governance. unverified
Big Four firms and AML specialists are heavily involved in remediation (industry pattern). unverified
Recent news
Oct 2024 · Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. Regulatory actions
Talking points
AML remediation is a multi-year, board-level mandate. Bring scaled transaction monitoring, data lineage and financial-crime operations.
The strategic review and restructuring suits an operating model and cost program.
Plays to raise
AML and financial-crime transformationRegulatory & riskIdentifiednamed buyer
Why now: US AML remediation under a $3B penalty and an asset cap; strategic review and restructuring under CEO Raymond Chun.
Ask: A 6-week controls and operations diagnostic: baseline alert volumes, backlog and cost per case, then pilot AI-assisted case triage on one queue with model-risk documentation regulators can read.
Open consent order with DOJ, FinCEN, OCC and Federal Reserve ($3.1B): Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. unverified
AML monitorship, the asset cap and US growth limits, and conduct.
COO
Name not on file · Plan buyer
Relationship
Not mapped
Likely agenda
Cost & operations, AI & agents, Workforce transformation
Account health
51 Focus now · Mega Diamond account; about $39M of planned deals (est.); 1 open consent order or agreement
Their priorities
Raymond Chun (CEO since February 2025) is fixing US AML (a multi-year remediation, the top priority), running a strategic review with restructuring, and repositioning the US balance sheet under the asset cap (selling $9B+ of mortgages). unverified
Big AML tech remediation (transaction monitoring, data). Cloud (Azure). AI under governance. unverified
Recent news
Oct 2024 · Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. Regulatory actions
Talking points
The strategic review and restructuring suits an operating model and cost program.
AML remediation is a multi-year, board-level mandate. Bring scaled transaction monitoring, data lineage and financial-crime operations.
Plays to raise
AML and financial-crime transformationRegulatory & riskIdentifiednamed buyer
Why now: US AML remediation under a $3B penalty and an asset cap; strategic review and restructuring under CEO Raymond Chun.
Ask: A 6-week controls and operations diagnostic: baseline alert volumes, backlog and cost per case, then pilot AI-assisted case triage on one queue with model-risk documentation regulators can read.
Restructuring and cost programCost & operationsIdentifiednamed buyer
Why now: The strategic review and restructuring suits an operating model and cost program.
Ask: A 4-week cost baseline and value-at-stake review: spend cube, benchmarks and 3-5 levers with savings ranges, ready for the next earnings or board cycle.
Open consent order with DOJ, FinCEN, OCC and Federal Reserve ($3.1B): Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. unverified
CIO
Name not on file · Plan buyer
Relationship
Not mapped
Likely agenda
Cloud & core, Data & analytics, AI & agents, Cyber & resilience
Account health
51 Focus now · Mega Diamond account; about $39M of planned deals (est.); 1 open consent order or agreement
Their priorities
Big AML tech remediation (transaction monitoring, data). Cloud (Azure). AI under governance. unverified
Recent news
Oct 2024 · Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. Regulatory actions
Talking points
AML remediation is a multi-year, board-level mandate. Bring scaled transaction monitoring, data lineage and financial-crime operations.
The strategic review and restructuring suits an operating model and cost program.
Plays to raise
AML and financial-crime transformationRegulatory & riskIdentifiednamed buyer
Why now: US AML remediation under a $3B penalty and an asset cap; strategic review and restructuring under CEO Raymond Chun.
Ask: A 6-week controls and operations diagnostic: baseline alert volumes, backlog and cost per case, then pilot AI-assisted case triage on one queue with model-risk documentation regulators can read.
Open consent order with DOJ, FinCEN, OCC and Federal Reserve ($3.1B): Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. unverified
Head of Transformation
Name not on file · Plan buyer
Relationship
Not mapped
Likely agenda
Enterprise-wide priorities
Account health
51 Focus now · Mega Diamond account; about $39M of planned deals (est.); 1 open consent order or agreement
Their priorities
Raymond Chun (CEO since February 2025) is fixing US AML (a multi-year remediation, the top priority), running a strategic review with restructuring, and repositioning the US balance sheet under the asset cap (selling $9B+ of mortgages). unverified
AML progress is "coming along" (Q2 2026). unverified
Recent news
Oct 2024 · Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. Regulatory actions
Talking points
AML remediation is a multi-year, board-level mandate. Bring scaled transaction monitoring, data lineage and financial-crime operations.
The strategic review and restructuring suits an operating model and cost program.
Plays to raise
Restructuring and cost programCost & operationsIdentifiednamed buyer
Why now: The strategic review and restructuring suits an operating model and cost program.
Ask: A 4-week cost baseline and value-at-stake review: spend cube, benchmarks and 3-5 levers with savings ranges, ready for the next earnings or board cycle.
AML and financial-crime transformationRegulatory & riskIdentified
Why now: US AML remediation under a $3B penalty and an asset cap; strategic review and restructuring under CEO Raymond Chun.
Ask: A 6-week controls and operations diagnostic: baseline alert volumes, backlog and cost per case, then pilot AI-assisted case triage on one queue with model-risk documentation regulators can read.
Open consent order with DOJ, FinCEN, OCC and Federal Reserve ($3.1B): Guilty plea for US AML failures with about $3.1B in penalties, an asset cap on the US retail banks and a monitorship. Drives the AML remediation program. unverified
AML monitorship, the asset cap and US growth limits, and conduct.
Sourcing. Built from the account brief, outreach plans, tracked intel and the relationship file. Items without a source link come from model knowledge and are unverified, and deal ranges are estimates. Confirm names and roles before the meeting.