Major Bank To Pay A Record $3 Billion After Admitting Role In Money Laundering Case

Major Bank To Pay A Record $3 Billion After Admitting Role In Money Laundering CaseKnewz.com is reporting that TD Bank has agreed to a plea deal with the US government, admitting to conspiring to launder money and failing to maintain a compliant anti-money laundering program. The bank will pay a record $3 billion in fines and face an asset cap. The bank's anti-money laundering program was outdated and ineffective, allowing three money laundering networks to launder over $600 million in criminal proceeds between 2019 and 2023.

In this photo gallery, we examine TD Bank's troubles.

  • https://www.msn.com/en-us/money/companies/major-bank-to-pay-a-record-3-billion-after-admitting-role-in-money-laundering-case/ss-AA1uWA0f?ocid=00000000

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