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Midweek Roundup: TD Bank Employee Charged, Sweden Penalizes Klarna, and More

A 24-year-old employee of TD Bank's branch in Doral, Florida, has been charged with taking kickbacks in exchange for opening accounts and issuing debit cards for associates of a Colombian drug-trafficking organization. More Sens. Elizabeth Warren (D-MA) and Ron Wyden (D-OR) urged TD Bank's chief executive Bharat Masrani to disclose what he and his seniormost colleagues knew about the Canadian lender's involvement in money laundering schemes that triggered more than $3 billion in penalties against the lender in October, The Wall Street Journal reported. More Klarna, Sweden’s largest fintech, incurred a €43 million fine for breaching anti-money laundering regulations by...

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