TD Bank pleads guilty to money laundering, will pay more than $3 billion in fines

The Justice Department says TD Bank will pay more than $3 billion in fines after pleading guilty to federal money laundering charges. Two TD Bank employees were also criminally charged. Federal prosecutors say TD Bank became the go-to institution for drug traffickers and human smugglers, including in one case where workers received tens of thousands of dollars in gift cards as bribes. wine of a man who laundered more than $470 million in illicit funds through TD Bank branches in the United States