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#td

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TD Bank agreed to pay about $3 billion in fines to U.S. authorities and pleaded guilty on Thursday to money-laundering-related charges in a case brought by federal prosecutors, who said the Canadian bank made it “convenient” for criminals to open accounts, transfer funds and even deposit seven-figure sums of cash at its branches.
#TD #banking #Cdnpoli #Cdnecon #legal #fraud #crime #corruption
nytimes.com/2024/10/10/busines

The New York Times · TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering CaseBy Stacy Cowley

Good work Canada! More corrupt oligopolies should ensure that we continue to circle the drain.

"On Thursday, TD agreed to pay fines totalling about US$3.09 billion after pleading guilty to multiple charges related to failings in the bank’s anti-money laundering program."
#TD #Cdnecon #business #fraud #legal #banks #Cdnpoli
thestar.com/business/td-money-

Toronto StarTD money laundering fines could weigh on bank’s stock long-term, analysts warnBy The Canadian Press