US regulators have found evidence that TD’s anti-money laundering fraud detection is insufficient
For months, analysts have predicted a fine in the range of US$500-million to US$1-billion, but that’s now jumped. “We believe cumulative fines could easily hit $2-billion,” Mr. Dechaine wrote.
Meanwhile, in Canada, TD is facing record fines (archive) from Canadian regulators.
Like $10B in ‘earnings’ made by investing other peoples money and charging them fees.