By PAUL O’DONOGHUE, Senior Correspondent AS RECENTLY as two weeks ago, TD Bank’s AML woes were looking…slightly less bad. Slightly. How quickly that has changed. Indeed only last March Bharat Masrani, group president and chief executive officer of Toronto Dominion (TD) Bank Group claimed “tangible improvements” in the bank’s AML defences. Instead the bank has…
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ANALYSIS: Why TD Bank’s latest US money laundering woes leave the bank facing an existential crisis
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FAILINGS: Bharat Masrani, group president and chief executive officer of Toronto Dominion (TD) Bank Group claimed "tangible improvements" in the bank's AML defences last March. In the interim the bank has plunged into deeper crisis with no end to the AML scandal in sight and facing the prospect of a $2BN+ total in fines.