How TD Bank got caught up in the global drug war, helping to launder hundreds of millions of dollars
www.theglobeandmail.com
US regulators have found evidence that TD's anti-money laundering fraud detection is insufficient
For months, analysts have predicted a fine in the range of US$500-million to US$1-billion, but that’s now jumped. “We believe cumulative fines could easily hit $2-billion,” Mr. Dechaine wrote.
Meanwhile, in Canada, TD is facing record fines (archive) from Canadian regulators.
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