Https Www Reuters Com Business Finance Td Bank Says Comprehensive Overhaul Anti Money Laundering Program Underway 2024 05 03
TD Bank Group Faces Potential Penalties, Analyst Warns
Banking Analyst Predicts Worst-Case Scenario
The investigation faced by TD Bank Group in the US could result in significant penalties, according to banking analyst. The investigation is tied to laundering illicit fentanyl profits, which has raised concerns about the bank's anti-money laundering practices.
Initial Provision and Fintrac Penalty
TD Bank has taken an initial provision of US$450 million in connection with ongoing US regulatory and law enforcement probes into its anti-money laundering practices. Separately, Canada's financial-crime watchdog Fintrac levied a $92 million penalty against the bank on Thursday for non-compliance with money laundering and terrorist financing measures.
Https Www Wsj Com Finance Banking Td Bank Sets Aside 450 Million For Possible U S Anti Money Laundering Penalties 94c76ce1
Komentar