TD Bank N.A. (TDBNA) and its parent company, TD Bank US Holding Company (TDBUSH), pleaded guilty to Bank Secrecy Act (BSA) violations and money laundering charges, agreeing to pay over $1.8 billion in penalties. The plea resolves a Justice Department investigation into the bank’s failure to comply with anti-money laundering (AML) requirements, including lapses in filing accurate Currency Transaction Reports (CTRs).
TD Bank Pleads Guilty to Bank Secrecy Act Violations and Money Laundering, Agrees to $1.8 Billion Penalty
