The U.S. is investigating TD Bank for anti-money laundering violations, shedding light on Canada's 'snow washing' issue with lax regulations. A Commons committee in Canada is considering launching a probe into TD Bank's actions, prompting a meeting to discuss money laundering allegations against the bank. The Office of the Superintendent of Financial Institutions (OSFI) emphasizes the need for banks to improve their efforts in combating money laundering, as TD Bank's lapses come under scrutiny by the House of Commons.