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TD Bank has faced scrutiny over its handling of money laundering activities. Despite the bank pleading guilty to conspiring to launder money and agreeing to a record $3 billion settlement, top executives were not charged. This has sparked criticism and accusations of a double standard in the financial sector, particularly when compared to the treatment of a crypto exchange CEO who was jailed and forced out of his company for similar offenses. The lack of accountability for banking executives has been highlighted by various commentators, including Dennis Kelleher of Better Markets.
TD Bank’s Record $3 Billion Settlement Underscores Potential of AML Whistleblower Program https://t.co/wmeuG8Qxf3 #Money #Crime #Litigation @KKCWhistleblow https://t.co/We9n8NR3oX
Column: A huge bank pleaded guilty to conspiring to launder money, so why weren't top executives charged? https://t.co/2JPEXIj7MN
Important story by @hiltzikm on the lack of accountability for banking execs at TD Bank- "A big bank engaging in criminal conduct has finally been properly punished, but failing to charge individual banking supervisors and executives is wrong and dumb."- @DennisKelleher https://t.co/JVDLB9btzW
