TD Bank’s U.S. entity pleaded guilty and agreed to pay more than $3 billion in penalties, acknowledging it failed to properly monitor money laundering by drug cartels and other criminal groups. WSJ’s Dylan Tokar unpacks the investigation that led to such a historic deal.
Further Listening:
-The Suitcases Full of Cash Flowing Through Airports
Further Reading:
-TD Bank Agrees to $3 Billion in Penalties and Growth Restrictions in U.S. Settlement
-TD Pays Hefty Penalties as Prosecutors Detail Nearly a Decade of Lax Controls
Learn more about your ad choices. Visit megaphone.fm/adchoices
The Money Laundering Behind TD Bank’s $3 Billion Fine | The Journal. podcast - Listen or read transcript on Metacast
