TD Bank hit with record $3 billion fine over drug cartel money laundering, source says - eviltoast
TD Bank hit with record $3 billion fine over drug cartel money laundering, source says | CNN Business
www.cnn.com
TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, a source with knowledge of the settlement told CNN.
  • Track_Shovel@slrpnk.netEnglish
    14·
    2 months ago

    In one instance, TD Bank employees collected more than $57,000 worth of gift cards to process more than $470 million in cash deposits from a money laundering network to “ensure employees would continue to process their transactions” and not declare them in required reports, the DoJ said

    I’m just laughing at the mental image of three dudes or something trying to spend that.

    ‘Fuck… I’m SICK of Starbucks Breakfast Sandwiches…’

    • Laser@feddit.org
      7·
      2 months ago

      $57k is already laughable considering the amount of money deposited… but in gift cards?

      You’re already handling cash, aren’t you?