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15.10.2024
TD Bank Fined for Cryptocurrency Transactions in the UK and Colombia

TD Bank has been fined $3 billion for its role in questionable transactions involving cryptocurrency exchanges in the U.K. and Colombia. U.S. financial authorities say the bank failed to properly monitor cryptocurrency-related transfers, which could indicate potential money laundering schemes. More than $1 billion in transactions passed through an unknown U.K. exchange, with the wires destined for Colombia.