Report: TD Bank in Talks About Money Laundering Plea
Dominion Bank(TD) PYMNTS.com·2024-09-30 04:20
TD Bank is reportedly close to a possible plea related to its anti-money laundering measures. The Canadian bank is in discussions with U.S. prosecutors over the agreement, stemming from criminal charges that its American arm failed to prevent money laundering, The Wall Street Journal (WSJ) reported Friday (Sept. 27). The plea could come in the next two weeks, the report said, citing sources with knowledge of the matter. Those sources say authorities accuse the bank of recklessness in failing to establish pr ...