Canadian lawmakers will come together to discuss TD Bank’s reported failure to prevent drug traffickers from laundering proceeds of fentanyl sales on its platform.

The Canadian House of Commons scheduled a hearing Friday before its Standing Committee on Finance to “discuss the recent revelations regarding TD Bank Group and allegations of failing to report money laundering related to the trafficking of the illegal hard drug fentanyl and other money laundering violations across the financial sector in Canada.”

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...