Except ya can’t throw them in jail now, can we?

This is eye popping.

TD Bank to Pay $3 Billion Penalty After Admitting to Money-Laundering

(my bold)The bank admits to ‘deficiencies’ that enabled criminal networks, including drug traffickers, to launder more than $670 million over several years.

(My bold)

TD Bank, the 10th-largest bank in the United States, and parent company TD Bank Group pleaded guilty on Oct. 10 to conspiring to violate the Bank Secrecy Act and money-laundering, agreeing to pay about $3 billion in penalties as part of a historic settlement involving multiple regulatory agencies.

“By making its services convenient for criminals, TD Bank became one,” Attorney General Merrick Garland said during a press conference in Washington. “Today, TD Bank also became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures, and the first U.S. bank in history to plead guilty to conspiracy to commit money laundering.”

TD Bank admitted to having “long-term, pervasive, and systemic deficiencies” in its anti-money-laundering (AML) policies, procedures, and controls from January 2014 to October 2023, according to a Department of Justice statement.

These failures allowed criminal networks, including drug traffickers dealing in fentanyl and other narcotics, to launder more than $670 million through the bank’s accounts over several years.

“The bank enabled drug trafficking,” Deputy Secretary of the Treasury Wally Adeyemo said.

One significant scheme involved a money-launderer known as “David,” who processed over $470 million through TD Bank branches between 2018 and 2021.

TD Bank to Pay More Than US$28M in Settlement for Market Manipulation

10/1/2024

“David has separately pled guilty to laundering drug proceeds through the bank,” Garland said. “David had attempted to launder money through numerous financial institutions. But he found that TD Bank had the most permissive policies and procedures and chose to launder most of his funds there.”

David bribed TD Bank employees with more than $57,000 in gift cards to ensure the continued processing of his transactions.

Oh there is much, much, more.

You should go read the whole thing.

Almost TEN YEARS they got away with this shit.

In that ten years, how many Regular Joe’s got audited?

MILLIONS, I’m sure.

So they are going to pay a huge fine, some low level people involved are going to get hammered with felonies and then this bank will go right back to ripping people off like all the rest of them do and that’s it.

Ten years they got away with this shit.

Everybody from the President of this bank all the way down to the lowliest teller should be sitting behind bars as I type.

Oh but let’s not stop there, the entire staff of whoever was supposed to be doing oversite looking for shit exactly like what was going on should all be investigated as co conspirators the way I see it.

You did see the scope of this right?

TRILLIONS of dollars got washed.

God forbid you should forget to claim anything over $601 dollars though, right?

Spit.

Who says crime don’t pay?