TD Bank hit with record $3 billion fine over drug cartel money laundering
It’s disheartening and alarming to see that even well-known financial institutions like TD Bank are involved in criminal activities such as money laundering. The fact that they were hit with a record $3 billion fine over drug cartel money laundering is a clear indication of the severity of their negligence and lack of oversight. The sheer volume of transactions that went unmonitored for several years, enabling drug cartels to transfer hundreds of millions of dollars through TD Bank accounts, is shocking and highlights a blatant disregard for regulations and ethical business practices.
It’s reassuring to see that the fine actually exceeds the profit made from these illegal activities, signaling a step towards holding these giant corporations accountable for their actions.… Continue reading
John Q. Hosedrinker