TD Stock Recent News

RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of The Toronto-Dominion Bank (NYSE: TD) (“TD”). On October 10, 2024, TD announced that the company has reached a resolution of previously disclosed investigations related to its U.S. Bank Secrecy Act and Anti-Money Laundering compliance programs. Specifically, TD has agreed to pay fines totaling.

TD Bank will focus on restructuring its balance sheet in the 2025 fiscal year, the bank said on Thursday, after it pleaded guilty to violating a U.S. law aimed at preventing money laundering, and agreed to pay a combined $3 billion in penalties.

TD Bank Group said Thursday (Oct. 10) that it takes full responsibility for the failures of its U.S. Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programs and will continue its work to remediate them. The bank said this on the day it and several U.S.

TD Bank became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures on Thursday, and the first bank in history to plead guilty to conspiracy to commit money laundering.

TD Bank will pay $3 billion in penalties to regulators as part of an agreement announced Thursday, sending the bank's stock tumbling around 5% after it pleaded guilty to failing to maintain an anti-money laundering program, making itself into an “easy target” for financial criminals.

TD failed to monitor over $18 trillion in customer activity for about a decade, enabling three money laundering networks to transfer illicit funds through accounts at the bank, US authorities said, describing the issues as pervasive.

Toronto-Dominion Bank (TSX:TD) shares traded lower following media reports the Canadian bank faces restrictions in the form of an asset cap on its expansion in the US and a US$3 billion fine to settle charges related to anti-money laundering (AML) failings. The $3 billion in combined penalties will be paid to US banking regulators, the Justice Department, and the Treasury Department's Financial Crimes Enforcement Network (FinCEN), according to reports which cited sources with knowledge of the matter.

TD Bank is reportedly expected to pay $3 billion in fines to the Department of Justice and financial crimes regulators to settle a federal probe over its alleged failure to monitor money laundering by drug cartels. TD Bank is also set to accept limits on its growth as part of the settlement, according to the report by The Wall Street Journal.

The Wall Street Journal reports that TD is expected to plead guilty to criminal charges in an anti-money-laundering case.

TD Bank will pay $3 billion in U.S. penalties, plead guilty to criminal charges that it failed to do enough to prevent money laundering, and accept an asset cap limiting its growth, two sources familiar with the matter said on Thursday.