U.S. DOJ Says TD Failed To Monitor $18.3T In Customer Activity Which Allowed 3 Money Laundering Networks To Transfer Over $670M Through TD Accounts
Portfolio Pulse from Benzinga Newsdesk
The U.S. Department of Justice has accused TD Bank of failing to monitor $18.3 trillion in customer activity, which allegedly allowed three money laundering networks to transfer over $670 million through TD accounts.
October 10, 2024 | 5:24 pm
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TD Bank is accused by the U.S. DOJ of failing to monitor $18.3 trillion in customer activity, facilitating $670 million in money laundering.
The allegations from the U.S. DOJ are significant and could lead to legal and regulatory consequences for TD Bank. This could negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100