TD Bank’s anti money laundering troubles

For months now, TD Bank has been making headlines. First there was the news they were acquiring U.S.-based First Horizon Bank. Then the news that that acquisition wasn’t going through. Then the bank announced it was under investigation.
And now, thanks to the reporting of Rita Trichur and Stefanie Marotta, we know that a Canadian regulator is also set to levy a penalty against them. Stefanie, The Globe’s banking reporter, is on the show to explain what is going on inside Canada’s second-largest bank.
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[@GabrielAnthony-09]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@ElijahOliver-t9u]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@GabrielAnthony-09]

@@ElijahOliver-t9u That's actually quite impressive, .

[@ElijahOliver-t9u]

@@GabrielAnthony-09 My advisor is VICTORIA CARMEN SANTAELLA;

[@ElijahOliver-t9u]

You can look her up online

[@claircourtway]

@@ElijahOliver-t9u The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

[@JPs-q1o]

Money Laundering is a human right. Change my mind.

[@JeremyWade-z2n]

10 million fine? TD would have been doing somersaults. Only off by $2.5 billion

[@CarlingOV]

Not only should there be massive fines for this, someone should be going to prison. This idea that "white collar" workers do not go to jail just encourages illegal behaviour.

[@rettbutler1312]

The CEO of TD bank, Bahrat Masrani, who has been settled in Canada for roughly 21 years but working for TD bank for DECADES (immigrated young), is a Ugandan-born immigrant of East Indian descent. Just gonna leave that here.

[@wumble7829]

Ya cuz he's definitely underpaid to engage in illegal activities...

[@Dutchy-1168]

Gotcha !

[@stephenaustin3026]

What is the point of the background music?

[@JPs-q1o]

To provide a cadence which makes this boring monotone discussion bearable.

[@suezee3412]

2 yrs to obtain our so called discharge of mortgage. Promise to pay , purchase agreement

[@theprimeministerthatstolef9964]

Only in a Trudeau/Singh Canada

[@Thoughts2002]

Agree - Canada is running on money laundering - One industry Canada outshines the real estate is the prime example,

[@pretty_troll]

TD CanadaTrust BOD was operated by a bunch of homosexuals as far back as 2006, just like the entertainment industry ..
so exactly wtf was everybody expecting ?

[@HRHRoyalEmpress]

Wait a bigger story coming.

[@jct4418]

Turning off comments on your propaganda.

[@scottmarquardt3575]

Test

[@dees9478]

This didn't age well, did it? Bank run time.