TD Bank scandal…

[r2d2]

TD Bank <TD.TO> became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay over $3 billion in penalties to resolve the charges, government authorities said on Thursday.

The plea deal, which includes a rare imposition of an asset cap and other business limitations, arises from multiple government investigations into what authorities described as pervasive issues.

TD Bank shares fell almost 5% on Thursday afternoon.

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

In one example, authorities said, TD Bank facilitated over $400 million in transactions to launder funds on behalf of people selling fentanyl and other deadly drugs.

TD is Canada's second biggest bank and the 10th largest in the U.S.

[Joker_007]

No wonder it is Canadian bank 

[kevinUsa]

This is just a tip of an iceberg the amount of money laundering done by Canadian Banks is of the charts