TD Bank to pay $3B, face growth cap over money laundering violations

Toronto-Dominion Bank, commonly referred to as TD Bank, pled guilty Thursday to violating federal anti-money laundering and bank transparency laws, agreeing to pay more than $3 billion and limit its future growth.

TD Bank, which is based in Canada, will pay billions of dollars in criminals fines and penalties to several federal agencies, including the Federal Reserve and Office of the Comptroller of........

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