https://www.thestar.com/business/td...08cd080-0bb7-11ef-abef-d3c0ece70c84.htmlTD Bank could face billions in fines following money-laundering probe
TD is not alone in its potential involvement with money laundering, as CIBC and RBC have also recently been fined.
Canada’s TD Bank may be facing billions of dollars in fines as Canadian and American regulators crack down on money-laundering schemes that came to light over the past year.
National Bank analyst Gabriel Dechaine said total penalties for money-laundering allegations could easily hit $2 billion, according to a note issued to clients, while non-monetary penalties are expected to impact the bank’s operations for years.
Ana Pereira
Ana Pereira is a Toronto-based general assignment reporter for the Star. Reach her via email: anpereira@thestar.ca
