For years, TD ignored red flags from high-risk customers and created a "convenient" environment for bad actors to exploit, the government said.

The Canadian bank is indefinitely prohibited from growing assets at its two U.S. subsidiaries as the result of a sweeping settlement over money laundering violations. While only the second imposition of such a penalty ever,

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.

By Nivedita Balu, Chris Prentice and Karen Freifeld TORONTO/NEW YORK (Reuters) -TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering,

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 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 pleaded guilty on Thursday to failing to maintain an anti-money laundering program, among other charges.

Canada's TD Bank has agreed to pay more than $3 billion in penalties for failing to adequately monitor money laundering by drug cartels, US officials said Thursday.

Canada-based TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do so, Attorney General Merrick Garland said.

Shares of TD Bank tumbled Thursday as the Canadian bank agreed to pay more than $3 billion in penalties to resolve U.S. charges that it failed to curb money laundering by drug cartels.