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TD Bank fined $3B for failing to prevent money laundering by drug cartels


By News on the Net -- New York Post——--October 10, 2024

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TD Bank was slapped with a whopping $3 billion fine and pleaded guilty Thursday to federal charges of failing to monitor money laundering by drug cartels and other criminal gangs.

The Department of Justice launched a probe in May after learning that drug traffickers funneled hundreds of millions of their ill-gotten gains — much of it from fentanyl-smuggling operations — through TD Bank branches in New York and New Jersey. ---More...


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