TD has also launched an overhaul of its U.S. and global anti-money-laundering program and has invested more than $500-million to improve its platforms. The bank has also been caught in the ...

The AML issues also wiped out the bank’s most ambitious expansion plan under Mr. Masrani’s 10-year tenure. In May, 2023, the bank called off its proposed US$13.4-billion takeover of Tennessee ...

The proposed class action — which is being brought by Sotos LLP in the Ontario Superior Court of Justice — alleges that the bank failed to properly disclose the systemic deficiencies in its AML ...

Swiss and French investigators revisit explosive legacy accounts, with potential fallout looming for HSBC's private banking ...

Michael Driscoll, who leads the North American financial institutions group at Morningstar Inc.’s DBRS Morningstar, cited anti-money-laundering controls among a few “hot button” areas of concern to ...

Toronto-Dominion Bank chief executive Bharat Masrani took a pay cut last year over the lender’s scuttled acquisition of First Horizon Corp. and the United States probe it faces over ...

The House of Commons standing committee on finance is planning to discuss whether lapses in Toronto-Dominion Bank’s anti-money-laundering controls, which have already drawn regulatory scrutiny in the ...

(Reuters) -Canada's TD Bank faces a significant monetary penalty after an examination by the financial-crimes watchdog found faulty anti-money laundering controls, the Globe and Mail reported on ...

The bank noted that it shut down its operations in the Baltic region and in Russia in 2019, and has since invested approximately DKK 12 billion (approximately €1.6 billion) to improve its financial ...

A leading bank regulator on Tuesday fined Capital One Bank $100 million for failing to enforce anti-money laundering controls that have been in place for years. Capital One failed to satisfy a ...

Amid allegations of inadequate anti-money laundering and financial crime controls, the U.K.’s Financial Conduct Authority (FCA) has fined Metro Bank plc £16.7 million. In a release Monday, the FCA ...

Despite short-term challenges after its U.S. AML settlement, TD Bank’s 5% dividend yield, alongside these factors, make it an attractive stock to buy on the dip for long-term investors.