The bank says its discussions with three U.S. regulators and the Department of Justice are ongoing, and it anticipates additional monetary penalties.
Last August, the bank revealed that it expected U.S. regulators to impose penalties related to the program.
TD says its program was "insufficient to effectively monitor, detect, report, and respond to suspicious activity."
The bank says work is underway to remedy these deficiencies.
At TD's annual general meeting mid-April, the bank's chief executive acknowledged that the investigation has weighed on its share price.
This report by The Canadian Press was first published April 30, 2024.
Companies in this story: (TSX:TD)
Sponsored
Trade Smarter, Today
With CIBC Investor's Edge, kick-start your portfolio with 100 free trades and up to $4,500 cash back.
