OPINION: It’s not the system, it’s the people – TD Bank scandal through a different lens

Stop blaming inferior AML software and arrest the individual responsible for the crime, says former federal agent Robert Mazur.

TD Bank and its employees had no idea their crimes would be revealed in May of 2021 when Special Agents of the IRS and DEA arrested Da Ying Sze (AKA David). Six years before his arrest, David had began laundering mountains of cash generated from the sale of drugs, including

Most

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Weekly podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in