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International

TD Bank could face up to $2 billion in fines over money laundering

May 10, 2024 Reprints

Canada’s Toronto-Dominion Bank could face fines totaling $2 billion from the country’s financial regulators for its alleged involvement in money-laundering, MSN reported citing The Toronto Star. The regulatory action arose from an ongoing probe by the U.S. Justice Department into allegations that Chinese drug traffickers exploited the bank’s services to launder proceeds from fentanyl sales, amounting to at least $653 million.

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TD Bank could face up to $2 billion in fines over money laundering

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