TD Bank Faces $3 Billion in Penalties and Growth Restrictions in U.S. Settlement for money laundering by drug cartels – IOTW Report

TD Bank Faces $3 Billion in Penalties and Growth Restrictions in U.S. Settlement for money laundering by drug cartels

TD Bank is expected to pay about $3 billion in penalties and accept limits on its growth in the U.S. as part of a settlement with regulators and prosecutors over charges it failed to properly monitor money laundering by drug cartels.

6 Comments on TD Bank Faces $3 Billion in Penalties and Growth Restrictions in U.S. Settlement for money laundering by drug cartels

  1. Banking fees will be raised. Bonuses will still be awarded. No one will lose a round of golf over this. We shouldn’t be laundering money for the cartels… We should be bombing them back to the fucking Stone Age.

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