The U.S. Department of Justice has arrested a former TD Bank employee for allegedly facilitating money laundering activities, marking a significant escalation in ongoing investigations.
The 24-year-old suspect allegedly assisted a money laundering network by issuing numerous debit cards for shell companies in exchange for bribes, contributing to the laundering of millions.
TD Bank has faced over $3 billion in fines following a settlement announced in October, reflecting the severity of the bank's involvement in money laundering cases.
TD Bank reported the suspicious activities and claims to have cooperated with authorities, continuing their support in investigations into further misconduct within the institution.
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