Toronto-Dominion Bank pays Can$9.2m for reporting, risk rating, record keeping breaches

Five violations of Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) mean that Toronto-Dominion Bank (TD), headquartered in Toronto, paid a Can$9,185,000 (US$6,712,350) penalty, levied on 9 April, according to a FINTRAC notice.

Five violations of Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) mean that Toronto-Dominion Bank (TD), headquartered in Toronto, paid a Can$9,185,000 (US$6,712,350) penalty, levied on 9 April [2024], according to a FINTRAC notice. [1]