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TD Bank to Pay $3 Billion Penalty, Limit U.S. Growth in Money-Laundering Settlement
Oct 9, 2024, 08:59 PM
TD Bank is expected to pay approximately $3 billion in penalties and accept limitations on its U.S. growth as part of a settlement with U.S. regulators and prosecutors over money-laundering charges. The charges allege that the bank failed to properly monitor money laundering activities by drug cartels.
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Markets
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Reports or announcements from U.S. regulators or TD Bank confirming compliance
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Official announcements from U.S. regulatory bodies or legal filings indicating new penalties
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