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TD Bank to pay $3B fine for money laundering

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  • TD Bank to pay $3B fine for money laundering

    This is wild. What do we think the ripple effects will be?
    TD Bank will pay $3 billion in a settlement with U.S. authorities who say the financial institution’s lax practices allowed significant money laundering.

  • #2
    The cartels need to find a new partner.

    it’s insane that this happened and went on for so long. I wouldn’t have been surprised if the Fed pulled their banking license all together and shut them down.
    Steve

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    • #3
      Agreed...the guilty plea on behalf of the bank pales in comparison to how long this went on, and the fact that it was openly known within the bank that it was happening.

      I realize there's nothing other than the law to enforce some semblance of ethical/moral standards in banking and business, but, could these banks and companies try not to be such horrible entities?
      History will judge the complicit.

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