TD Bank Agrees to Pay $3 Billion Over Anti-Money Laundering Violations

"TD Bank created an environment that allowed financial crime to flourish. By making its services convenient for criminals, it became one."

By Colleen Murphy | October 11, 2024 at 02:42 PM

Credit: Roman Tiraspolsky/Shutterstock.com

New Jersey-headquartered TD Bank, which has pleaded guilty to criminal money-laundering charges, agreed to pay $3 billion in fines for failing to maintain Bank Secrecy Act (BSA) programs, the Department of Justice (DOJ) announced.

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