TD Bank Implicated in Major Money Laundering Scheme

U.S. authorities uncover extensive money laundering operations involving TD Bank, with allegations of employee bribery and regulatory scrutiny.

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.