this post was submitted on 04 May 2024
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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.

https://archive.is/e0SGA

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[–] nik282000@lemmy.ca 3 points 6 months ago

Like $10B in 'earnings' made by investing other peoples money and charging them fees.