TD Bank Overhauls Anti-Money Laundering Processes Amid Regulatory Scrutiny
Dominion Bank(TD) pymnts.com·2024-05-24 09:19
Toronto-Dominion Bank (TD Bank) reportedly fired more than a dozen employees and began an overhaul of its processes as part of its efforts to address earlier failings in its anti-money laundering (AML) program.As TD faces regulatory scrutiny and legal challenges, it has embarked on a comprehensive overhaul of its AML practices, The Wall Street Journal (WSJ) reported Thursday (May 23).The bank faced significant challenges when problems with its AML program were exposed, leading to investigations by U.S. regu ...