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TD Bank has set aside $450 million in connection with ongoing US regulatory probes into its anti-money laundering practices. The bank expects additional penalties to come. Additionally, TD Bank was fined $9.2 million by Canada's anti-money laundering regulator and hit with a $9.2 million penalty for failing to report suspicious transactions.
TD penalties expected to be higher on alleged drug money laundering link: analyst https://t.co/taPu33Zi86
With new allegations emerging surrounding US anti-money-laundering investigations into TD, the lender could face a much higher fine than previously expected, according to analysts https://t.co/7kT90oTt31
Morning Update: TD Bank’s lengthy U.S. probe tied to US$653-million money-laundering and drug-trafficking operation https://t.co/Eyxteifiwh