#financial

Toronto-Dominion Bank will pay about $3 billion in penalties and face restrictions on its US growth in a settlement with regulators over its failure to catch money laundering, the Wall Street Journal reported.

Regulators are likely to announce a settlement with the Canadian bank on Thursday, though that timing may change, a person familiar with the matter told Bloomberg, asking not to be named discussing confidential information.

https://www.bloomberg.com/news/articles/2024-10-10/td-to-face-us-growth-limits-3-billion-penalty-for-money-laundering-failures