Reported about 6 hours ago
TD Bank is set to pay around $3 billion in penalties as part of a settlement with U.S. regulators for failing to adequately monitor money laundering activities linked to drug cartels. This includes a guilty plea from its U.S. unit and restrictions on its growth in the U.S. market. The settlement involves multiple government agencies, with the largest penalty share going to the Department of Justice.
Source: YAHOO