TD Bank’s $3 Billion Settlement: A Review of Regulatory Settlements (Part III of IV)
TD Bank’s $3 billion settlement included coordinated regulatory settlements with the Federal Reserve Board (“Federal Reserve”), The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”), and the Office of the Comptroller of the Currency (“OCC”). Each regulator imposed civil penalties and remedial measures. The Federal Reserve fined TD Bank $123.5 million for AML compliance violations. The Federal Reserve also required TD Bank to...
