TD Bank Pleads Guilty to Money Laundering and Bank Secrecy Act Violations, Faces $1.8 Billion in Penalties
In a landmark case, TD Bank N.A. (TDBNA), one of the largest banks in the U.S., along with its parent company TD Bank US Holding Company (TDBUSH), pleaded guilty to charges related to violations of the Bank Secrecy Act (BSA) and money laundering, culminating in over $1.8 billion in penalties. The guilty plea marks the…