TD Bank hit with $9.2M penalty after failing to report suspicious transactions

TD 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.

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.

TD Bank ordered to pay almost $9.2-million by Canada’s anti-money laundering regulator over faulty controls

FinTRAC’s largest-ever penalty comes as bank revealed it has a US$450-million provision for similar penalties in the U.S.

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

The penalty by Fintrac follows on a $7.5-million fine against RBC and a $1.3-million fine against CIBC announced in December

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

TORONTO — Canada’s financial intelligence agency says it has levied a $9.

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

TORONTO — Canada’s financial intelligence agency says it has levied a $9.