TD Bank fined $3B US after pleading guilty in historic U.S. money-laundering case
Toronto-Dominion Bank has been ordered to pay a total of $3.09 billion US in fines after pleading guilty to multiple charges, including conspiracy to violate the Bank Secrecy Act and commit money laundering. The bank has also received a cease-and-desist order and non-financial sanctions from the Office of the Comptroller of the Currency (OCC), including […]
UK Makes its Consumer Duty more Real and Impactful for Consumer
The UK has been a leader among the countries actively participating on the Financial Action Task Force (FATF) based in Paris to tackle global money laundering and fraud. An important national initiative that has been implemented is called the Consumer Duty whose purpose in the simplest terms is to create good outcomes for consumers in […]