Multiple Agencies Impose Historic $3 Billion Fine on TD Bank
In a record breaking fine; FinCEN has imposed a record $1.3 billion penalty, along with the DOJ imposing a $1.8 billion penalty, OCC imposing a $450 million penalty, and the Federal Reserve imposing a $123.5 million penalty. These penalties are on TD Bank for severe violations of the Bank Secrecy Act, highlighting the bank's chronic failures in its anti-money laundering program that facilitated illicit activities like drug trafficking and human trafficking. [10/10/24]
