US Probes TD Bank's Role in Billions-Dollar Fentanyl Network Led by Chinese Narcos

The U.S. government is investigating Toronto-Dominion Bank (TD) for its alleged involvement in a global fentanyl money laundering network. This network, reportedly controlled by Chinese narcotics organizations in Toronto, has funneled billions of dollars through TD Bank. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is aware of the large-scale fentanyl laundering activities into Canada's major banks. However, there is concern that without prioritization from Prime Minister Justin Trudeau and his Cabinet, enforcement by the Royal Canadian Mounted Police (RCMP) may not be forthcoming.