Officials investigate TD Bank drug money laundering allegationsNewsDuration 9:58Officials in the U.S. are investigating allegations of drug traffickers using TD Bank to launder over $500 million. Additionally, Canada's financial-crimes watchdog has imposed its largest-ever financial penalty after they found TD had faulty anti-money-laundering controls. According to Stephen Schneider, professor of criminology at Saint Mary's University in Halifax, TD's alleged actions aren't unique among the global banks.

Source: CBC News May 22, 2024 14:44 UTC