TD Bank Allocates Additional $2.6B for Money Laundering Penalties

Reported about 2 months ago

Toronto-Dominion Bank (TD) has allocated an additional $2.6 billion as part of an investigation into anti-money laundering practices led by US regulators, bringing its total reserves for potential US compliance fines over $3 billion. The bank has also divested a portion of its stake in Charles Schwab.

Source: YAHOO

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