Recent News About Td Bank

• 

  TD Bank's $3 billion settlement shows Chinese money-broker networks are laundering drug proceeds

  TD Bank’s U.S. unit has agreed to pay $3.09 billion in penalties and face growth restrictions following charges it failed to effectively monitor money laundering activities linked to drug cartels and Chinese criminal organizations. The settlement exposes flaws in federal anti-money-laundering (AML) systems related to international schemes by networks based in China.

  By Federal Newswire

---