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TD Bank Implicated in Drug Money Laundering Scheme


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TD Bank has been grappling with concerns about its anti-money laundering capabilities for more than a year. In March 2023, they attempted to acquire the American bank First Horizon Corp. Regulatory issues delayed the acquisition and in May 2023 the deal collapsed.

The extent of TD’s anti-money laundering problems was unclear until now, when it was revealed that TD was involved in a U.S. investigation into a money laundering and drug trafficking of 653 million US dollars. Globe financial journalist and columnist Tim Kiladze is on the show to talk about TD’s alleged lack of oversight and what that means for the bank – and its customers – going forward.

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