In this podcast episode, the focus is on TD Bank's shortcomings in anti-money laundering practices. It uncovers troubling internal alerts that highlighted suspicious activities like shell company usage and large cash transactions, all overlooked due to outdated systems. The conversation also addresses the serious repercussions TD Bank faced, including a hefty $3 billion fine and the collapse of a merger, while raising important questions about regulatory compliance in banking and the potential for similar issues throughout the industry.
