11:37 AM EDT, 05/02/2024 (MT Newswires) -- The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC ) on Thursday said it last month imposed an administrative monetary penalty of C$9.2 million on The Toronto-Dominion Bank ( MLWIQXX ) .

The fine has been paid in full and proceedings have ended, FINTRAC said.

The penalty follows a compliance examination last year, TD was fined for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.

TD this week said it has set aside US$450 million for a U.S. anti-money laundering investigation penalty.

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