TD Bank braced for fines north of US$3 billion after AML breaches

Canada's Toronto-Dominion Bank (TD) is preparing for fines topping US$3 billion in the United States over major failings in its anti-money laundering (AML) controls at several branches.

By Sara Lewis

Canada's Toronto-Dominion Bank (TD) is preparing for fines topping US$3 billion in the United States over major failings in its anti-money laundering (AML) controls at several branches.