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.

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, 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 face a cap on its asset expansion in the United States and be fined about US$3 billion due to charges on failing to monitor activities linked to money laundering, the Wall Street Journal reports.

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.