TD Bank Says It’s Cooperating With a US Justice Department Probe
- Bank has received inquiries about compliance with AML rules
- Canadian lender abandoned a deal to buy First Horizon in May
TD Bank made the disclosure in its third-quarter financial results Thursday, saying it may face penalties as a result of the probe.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Toronto-Dominion Bank says it’s been receiving inquiries from regulators and law enforcement about its compliance with anti-money-laundering rules, including requests related to a US Department of Justice investigation.
Canada’s second-largest bank made the disclosure in its third-quarter financial results Thursday, saying it may face penalties as a result of the probe.