News

The Financial Transactions and Reports Analysis Center of Canada fined TD Bank CA$9 million after an examination of the lender last year uncovered five "administrative violations" of anti-money laundering requirements, the Globe and Mail reported. More and More An alleged scheme to launder hundreds of millions of dollars in fentanyl proceeds through TD Bank with the help of corrupt employees has become the focus of the U.S. Justice Department's previously disclosed investigation into the lender, The Wall Street Journal reported. More The Justice Department is separately investigating a whistleblower's claim that fintechs Square and Cash App lack adequate customer-identification processes...