A 24-year-old former TD Bank employee has been arrested and charged in connection with a money laundering case, according to the US Department of Justice. The individual allegedly worked at a bank location in Doral, Florida, from June 2023 and assisted a money laundering network by issuing debit cards to shell companies in exchange for bribes.
The accounts linked to these companies were used to launder millions of dollars in drug proceeds through cash withdrawals at ATMs in Colombia. TD Bank has stated that it identified the activity, reported it to authorities, and cooperated with investigations.
This latest development is part of ongoing efforts by the US Justice Department to combat money laundering. Two TD insiders were previously charged related to this case, and as part of a plea agreement, TD Bank must continue to cooperate with ongoing investigations into individuals.
Source: https://www.cbc.ca/news/business/td-bank-employee-arrested-charged-1.7407762