Good morning. My name is Carmina Hughes. I'm very pleased to be here today representing the TD Bank Group.
At TD, I am the global anti-money laundering officer or, as we call it, the GAMLO. I am responsible for AML compliance in all the jurisdictions in which TD operates. I have the pleasure of leading a team that works to build and sustain a culture of anti-money laundering compliance, where all of TD's business partners understand the goals of AML and link them to their business objectives.
I have over 30 years' experience in anti-money laundering and compliance-related work in the financial sector, mostly in the U.S. I have served as a federal prosecutor, a regulator, a teacher, and a private consultant to the financial services industry, as well as working directly for TD.
As special counsel for enforcement and special investigations for the Board of Governors of the Federal Reserve System, I served on the front line of the U.S.A. Patriot Act and the Bank Secrecy Act implementation efforts and compliance. I represented the board at the Financial Action Task Force, FATF, an international standard setter, and at other international bodies, thereby gaining a broad understanding of other AML regimes, as well as commonly recognized money-laundering and terrorist financing schemes.
In my years as a federal prosecutor, I investigated and prosecuted many fraud and financial sector crimes, including money laundering and income tax evasion.
I'm happy to be here today to speak to the Canadian AML regime and the ways in which the AML rules help to prevent and deter the illegal use of tax havens, and to discuss any other topics to which my experience may be relevant or helpful.
Thank you.