TD Bank faces a class-action lawsuit alleging AML deficiencies and shareholder misrepresentation.

TD Bank faces a class-action lawsuit over alleged anti-money laundering deficiencies. Sotos Class Actions represents shareholders who purchased TD shares between August 2021 and June 2024, alleging misrepresentation of systemic deficiencies in the bank's AML controls. The bank has faced financial penalties due to a U.S. regulatory inquiry into its AML compliance program and plans to contest the lawsuit, asserting its disclosures and public statements align with securities law and shareholder responsibilities.

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