Overview

• U.S. Department of Justice investigates TD Bank for laundering hundreds of millions from illegal drug sales.
• Evidence suggests TD employees accepted bribes to facilitate laundering through shell company accounts.
• TD sets aside $450 million for potential fines related to anti-money laundering regulatory probes.
• Investigation reveals transactions in multiple states, highlighting systemic issues within the bank.
• TD faces additional scrutiny as financial watchdogs impose a $6.7 million fine for administrative violations.