Canadian parliament adds to TD Bank AML scrutiny
By 
Aaron Nicodemus2024-05-15T17:14:00
Canadian lawmakers will come together to discuss TD Bank’s reported failure to prevent drug traffickers from laundering proceeds of fentanyl sales on its platform.
The Canadian House of Commons scheduled a hearing Friday before its Standing Committee on Finance to “discuss the recent revelations regarding TD Bank Group and allegations of failing to report money laundering related to the trafficking of the illegal hard drug fentanyl and other money laundering violations across the financial sector in Canada.”
The planned meeting represents the latest scrutiny Canada’s second largest lender has faced regarding alleged deficiencies in its anti-money laundering (AML) program.
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