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TD Bank Group's settlement of anti-money laundering related charges in the U.S. may include mandatory upgrades of the Canadian lender's compliance program in addition to carrying $3 billion in penalties, chief executive Bharat Masrani said Thursday. Masrani disclosed the possible outcomes of the impending settlement, which would draw a line under the Toronto-headquartered institution's compliance-related failures in New York and elsewhere, in a conference call after analysts pressed him and other corporate officers to share details on any "non-monetary" penalties the company expects from the U.S. Justice Department. "Non-monetary means anything not to do with money," Masrani said. "There might...