Finance
Former TD Bank Branch Worker Charged in Ongoing Money Laundering Case
- Employee allegedly issued debit cards for shell companies
- Scheme involved laundering millions from US to Colombia
Documents filed by the Justice Department outlined three separate money-laundering conspiracies perpetrated through Toronto-Dominion bank branches.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
The US Department of Justice has arrested and charged another former Toronto-Dominion Bank employee with conspiracy to launder money, the latest in a string of charges tied to the lender’s massive compliance failures at its American retail business.
Leonardo Ayala, 24, who worked at a Toronto-Dominion branch in Doral, Florida, from February to November 2023, made a first appearance in a Miami court on Tuesday, the Justice Department said in a statement Wednesday.