By Aaron Nicodemus2024-05-01T17:34:00
TD Bank said it set aside $450 million to settle regulatory and law enforcement investigations into its anti-money laundering (AML) and Bank Secrecy Act (BSA) programs.
The bank, which previously disclosed the existence of the investigations by the Department of Justice (DOJ) and other U.S. regulators, said in a press release Tuesday it is negotiating the size of the penalty.
“The bank’s regulatory and law enforcement discussions with three U.S. regulators … and the Department of Justice are ongoing. The bank anticipates additional monetary penalties,” it said. “This provision does not reflect the final aggregate amount of potential monetary penalties or any nonmonetary penalties, which are unknown and not reliably estimable at this time.”
2024-09-13T13:09:00Z By Adrianne Appel
TD Bank has been ordered to pay $27.7 million and implement compliance measures, for providing inaccurate, negative credit information to credit agencies about tens of thousands of its customers and taking too long to fix the errors, the Consumer Financial Protection Bureau said.
2024-08-26T18:17:00Z By Aaron Nicodemus
TD Bank has set aside $2.6 billion to settle allegations made by U.S. regulators that deficiencies in its anti-money laundering program allowed fentanyl traffickers to launder money on its platform.
2024-06-10T09:43:00Z By Kyle Brasseur
The Financial Crimes Enforcement Network published its latest collection of Bank Secrecy Act data, including number and type of suspicious activity reports.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
2025-10-06T16:46:00Z By Aly McDevitt
A single $33,000 shipment to Iran triggered a six-figure penalty and years of compliance oversight for biotechnology company LuminUltra Technologies, Inc.
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