Canadian Press NewsAlert: TD fined US$3.09 billion by U.S. regulators
Written by The Canadian Press on October 10, 2024
TORONTO — Toronto-Dominion Bank is facing fines totalling about US$3.09 billion from U.S. regulators in connection with failures of its anti-money laundering safeguards.
The bank also received a cease-and-desist order and non-financial sanctions from the Office of the Comptroller of the Currency that put limits on its growth in the U.S. after it was found that TD had “significant, systemic breakdowns in its transaction monitoring program.”
More coming.
Companies in this story: (TSX:TD)
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