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TD Bank hit with $9.2M penalty after failing to report suspicious transactions
- Canada's financial-crime watchdog, FINTRAC, imposed a $9.2 million penalty on The Toronto-Dominion Bank for non-compliance with anti-money laundering and terrorist financing measures.
- TD failed to report suspicious transactions, assess money laundering risks, and monitor high-risk clients.
- Fintrac found that 96 clients, including a politically exposed foreign individual, were not enrolled in TD's high-risk client program.
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19 Articles
19 Articles
Montreal GazetteReposted by 
Financial Post
Financial PostTD Bank hit with $9.2M penalty after failing to report suspicious transactions
For non-compliance with money laundering and terrorist financing measures, Fintrac says. The bank also faces compliance investigations in the U.S.
·Montreal, Canada
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TD Bank hit with $9.2M penalty after failing to report suspicious transactions
Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.
·Canada
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Coverage Details
Total News Sources19
Leaning Left8Leaning Right3Center5Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 31%
R 19%
Factuality
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