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NEWS: Canada’s TD Bank expects to be hit with fines and other penalties by the US over its AML compliance

A Toronto-Dominion Bank (TD) sign is seen outside of a branch in Ottawa, Ontario, Canada.

CANADA’s TD Bank Group has said it expects to be imposed by fines and “non-monetary” penalties related to the investigations by US authorities over its anti-money laundering compliance program. Shares of the country’s second-largest bank fell over 1%, extending declines from the previous session after it missed profit estimates. The disclosure came as Toronto’s main…

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