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October 11, 2024

TD Bank Pleads Guilty to Money Laundering, Will Pay Over $3 Billion in Fines
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The Justice department says TD Bank will pay more than $3 billion in
fines after pleading guilty to federal money laundering charges. Two TD
Bank employees have also been criminally charged. Federal prosecutors
say TD Bank became the go-to institution for narcotraffickers and human
smugglers, including one case where workers received tens of thousands
of dollars in gift cards as bribes from a man who laundered more than
$470 million in illicit funds through TD Bank branches in the U.S.


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