FinCen Accuses TD Group of Concealing Suspicious Crypto Activity

“TD Bank prioritized growth and convenience over following its legal obligations,” U.S. Attorney Philip R. Sellinger for the District of New Jersey
said in an October 10 statement
. “As a result of staggering and pervasive failures in oversight, it willfully failed to monitor trillions of dollars of transactions – including those involving ACH transactions, checks, high-risk countries, and peer-to-peer transactions – which allowed hundreds of millions of dollars from money laundering networks to flow through the bank, including for international drug traffickers.”