Former TD Bank Employee Charged in U.S. Money Laundering Scheme

Leonardo Ayala, 24, is accused of facilitating the laundering of millions in drug proceeds to Colombia through TD Bank accounts.

Leonardo Ayala, a former TD Bank employee in Florida, was arrested and charged with conspiracy to commit money laundering.
Ayala allegedly issued debit cards for shell company accounts in exchange for bribes, enabling millions of dollars in drug proceeds to be withdrawn at ATMs in Colombia.
The charges are part of a broader investigation into systemic money laundering failures at TD Bank, which resulted in a $3 billion fine in October 2024.
TD Bank has cooperated with authorities, stating it identified and reported the suspicious activity while pledging to strengthen its anti-money laundering systems.
If convicted, Ayala faces up to 20 years in prison and significant financial penalties, with future court proceedings set to take place in New Jersey.