For years, TD ignored red flags from high-risk customers and created a "convenient" environment for bad actors to exploit, the government said.

TD Bank Group (NYSE:TD) stock slid 5.4% in Thursday afternoon trading after bank agreed to pay more than $3B to settle investigations into its anti-money laundering ("AML") practices. The company and some of its U.

TD Bank has admitted to violating U.S. anti-money laundering laws, pleading guilty to conspiring to launder money and failing to file accurate reports. The bank will pay $3 billion in penalties and face an asset cap,

TD bank, one of Greater Washington's largest banks, has agreed to pay a $3 billion fine and restrict its asset growth as part of a settlement agreement tied to alleged anti-money laundering violations.

Toronto-Dominion Bank will pay almost $3.1 billion in fines and other penalties and face a cap on its U.S. retail banking assets, after pleading guilty to failing to prevent money laundering by drug cartels and other criminals.

Toronto-Dominion Bank will pay almost $3.1 billion in fines and other penalties and face a cap on its US retail banking assets, after pleading guilty to failing to prevent money laundering by drug cartels and other criminals.

TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who say the financial institution’s lax practices allowed significant money laundering over multiple years

TD Bank today pled guilty and agreed to pay over $1.8 billion in penalties to resolve the Justice Department’s investigation into violations of the Bank Secrecy Act (BSA) and failure to comply with anti-money laundering rules.

TD Bank will pay almost $3.1 billion in fines and other penalties and face a cap on its US retail banking assets after pleading guilty to failing to prevent money laundering by drug cartels, among others.

As part of a deal, the TD Bank will pay more than $3 billion in fines for enabling drug traffickers and other criminals to open accounts and transfer money.