Posted inBanking and Financial Institutions Canada Federal Reserve System Fines (Penalties) Justice Department Money Laundering Regulation and Deregulation of Industry TD Bank Group United States
TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case
The penalty was the largest ever imposed by U.S. officials on a bank for violating anti-money laundering laws, and regulators imposed a cap on TD’s ability to accept new deposits.