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Business Matters: TD Bank to pay $3 billion USD in historic money-laundering settlement with U.S. Justice Department

TD Bank will pay approximately $3 billion USD in a historic settlement with U.S. authorities who say the financial institution’s lax practices allowed significant money laundering over multiple years. The CEO of TD Bank, which is the 10th largest in the United States, says “this is a difficult chapter in our bank’s history.” Anne Gaviola has this story and more in Business Matters for Friday October 11, 2024.

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