Reported 4 months ago
A former TD Bank employee in Florida, Gerry Aquino Vargas, allegedly falsified documents to open numerous accounts and provided services to assist in moving millions of dollars to Colombia, bypassing anti-money-laundering measures. The bank has taken action against the employees involved, cooperated with the U.S. Department of Justice, and is making changes to enhance compliance. TD Bank is facing a DOJ investigation related to a drug money-laundering case, where an employee was reportedly bribed in the process.
Source: YAHOO