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TD Bank rebuilds after $3B fine for anti-money laundering

Anti Money Laundering

BusinessHonor - TD Bank Rebuilds After $3B Fine

Business Honor
01 October, 2025

TD Bank plans growth, stronger AML controls, and wealth management.

TD Bank is currently working to recover after facing a $3 billion fine in the U.S. for failing to stop money laundering. The bank’s CEO, Raymond Chun, shared a new plan to fix the damage caused by this problem and to grow the bank again.

Money laundering is when people try to hide illegal money by moving it through banks or other businesses. TD Bank was fined because it didn’t properly catch these illegal activities, which hurt its reputation. Chun said this failure was unacceptable and promised changes to prevent it from happening again.

In order to rebuild trust, TD Bank is focusing on areas that bring steady income, like wealth management and wholesale banking. Wealth management means helping customers manage and grow their money, and the bank plans to hire more experts to do this in both Canada and the U.S. This approach can provide more reliable earnings and allow the bank to offer more services to its existing customers.

TD Bank also wants to grow its retail banking in the U.S., even though it faces some limits on the size of its U.S. assets because of the fine. Chun said the bank has reorganized its U.S. operations to make room for future growth. The bank announced a new stock buyback program, showing it wants to give back to its shareholders. Although the bank’s shares fell a little after the announcement, they recovered quickly and have grown a lot this year. Overall, TD Bank’s plan focuses on fixing its problems with anti-money laundering and growing carefully to restore confidence among customers and investors.