There were serious instances when the bank did not effectively monitor, detect, report and respond to suspicious activity.
Criminals are regularly targeting financial institutions and in these cases, TD did not effectively thwart their activity. This is unacceptable. TD has been cooperating closely with the authorities to help them prosecute these criminals.
TD Bank's CEO stated that the bank had taken disciplinary action against 'responsible employees,' including termination. No immediate details were given on further penalties.
Collection
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