TD Bank faces $3 bln in penalties and growth restrictions in US settlement, WSJ reports-January 2024-www.financetom.com

TD Bank faces $3 bln in penalties and growth restrictions in US settlement, WSJ reports

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TD Bank faces $3 bln in penalties and growth restrictions in US settlement, WSJ reports

Oct 10, 2024 10:40 PM

Oct 9 (Reuters) - TD Bank is expected to pay

about $3 billion in penalties and accept limits on its growth in

the United States as part of a settlement with regulators and

prosecutors over charges it failed to properly monitor money

laundering by drug cartels, the Wall Street Journal reported on

Wednesday.

(Reporting by Pretish M J in Bengaluru; Editing by Subhranshu

Sahu)

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