Toronto-Dominion Bank faces new money-laundering allegations, with a Florida branch employee accused of accepting bribes to transfer millions to Colombia; potential penalties reach $2B.
Toronto-Dominion Bank (TD) is facing new money-laundering allegations as a Florida branch employee is accused of accepting bribes to help transfer millions of dollars to Colombia. This adds to a growing list of court cases concerning TD's anti-money laundering efforts in the US, with potential financial penalties reaching $2 billion. TD has invested over $500 million to improve its platforms and has faced additional allegations involving other employees bypassing compliance measures.
June 03, 2024
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