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Violation Tracker Individual Record

Company: TD Bank N.A.
Current Parent Company: Toronto-Dominion Bank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $450,000,000
Year: 2024
Date: October 9, 2024
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: TD Bank was found to have failed to develop and provide for the continued administration of a Bank Secrecy Act/Anti-Money Laundering Program reasonably designed to assure and monitor compliance with the BSA and its implementing regulations. This was part of a larger case brought by the Justice Department (see separate entry).
Level of Government: federal
Action Type: agency action
Agency: Office of the Comptroller of the Currency
Civil or Criminal Case: civil
HQ Country of Current Parent: Canada
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.