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TD Bank pleads guilty to money laundering violations, agrees to $3 billion penalty

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TD Bank, the largest bank to date to admit to US Bank Secrecy Act violations, pleads guilty to money laundering-related charges and agrees to $3 billion in penalties. The Justice Department cites pervasive compliance failures over a decade. An asset cap limits TD's US operations, and CEO Bharat Masrani plans to retire, taking responsibility for the issues.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/5FK7E9j

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