TD Bank to pay $3 billion in historic money-laundering settlement

TD Bank to pay $3 billion in historic money-laundering settlement

By Lindsay Whitehurst | The Associated Press TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who said Thursday that the financial institution’s lax practices allowed significant money laundering over multiple years. Canada-based TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do so,…