TD Bank Forks Over $3 Billion in Biggest U.S. Money Laundering Settlement Ever After Attorney General Garland Calls Out “Fertile Ground” for Criminals
Washington, DC – TD Bank has agreed to pay a monumental $3 billion settlement in response to allegations by U.S. authorities that the financial institution’s lackluster practices facilitated extensive money laundering activities over an extended period of time. Attorney General Merrick Garland labeled Canada-based TD Bank as the largest U.S. bank to plead guilty to conspiracy to commit money laundering. Garland emphasized that the bank’s leniency enabled criminal activities to thrive, turning it into a …