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How TD Bank got caught up in the global drug war, helping to launder hundreds of millions of dollars (www.theglobeandmail.com)
submitted 5 months ago by sbv@sh.itjust.works to c/canada@lemmy.ca
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US regulators have found evidence that TD's anti-money laundering fraud detection is insufficient

For months, analysts have predicted a fine in the range of US$500-million to US$1-billion, but that’s now jumped. “We believe cumulative fines could easily hit $2-billion,” Mr. Dechaine wrote.

Meanwhile, in Canada, TD is facing record fines (archive) from Canadian regulators.

https://archive.is/e0SGA

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[-] nik282000@lemmy.ca 3 points 5 months ago

Like $10B in 'earnings' made by investing other peoples money and charging them fees.

this post was submitted on 04 May 2024
84 points (100.0% liked)

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