TD Bank spends on anti-money laundering tech
TD Auto Finance portfolio up 1% YoY in Q4 to $30.9 billion
TD Bank is investing in technology for anti-money laundering compliance after the U.S. Department of Justice fined the bank $3 billion in October for money laundering. “This quarter, we implemented further improvements in transaction monitoring and refinements in our customer risk rating methodology,” Chief Executive Bharat Masrani said during the bank’s Dec. 5 fiscal fourth-quarter earnings call. “We also rolled […]
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