Justice Department Holds TD Bank Responsible for BSA and AML Failure in $1.8 Billion Resolution
Today, TD Bank N.A. (TDBNA), the 10th largest bank in the United States, and its parent company TD Bank US Holding Company (TDBUSH) pleaded guilty to serious violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) requirements. The investigation by the Justice Department in the case determined that there was a grave failure…