Norway Wealth Fund Puts TD Bank Under Observation

Norway wealth fund puts TD Bank under observation

Norway’s sovereign wealth fund put TD Bank under observation for four years following a money laundering settlement.

LATEST: Norway wealth fund puts TD Bank on watch due to ‘unacceptable AML risk’ - AML Intelligence

By PAUL O’DONOGHUE, Senior Correspondent THE Norway $1.9 trillion sovereign wealth fund has placed Canada’s TD Bank under observation for four years due to concerns over its anti-money laundering (AML) failings. The move, announced by Norway’s central bank, follows a recommendation from Norway’s Council on Ethics in March. In a statement, Norges Bank said: “Norges Bank’s Executive Board has decided to place the company Toronto-Dominion Bank unde…

TD Bank Now Shutters Several US Branch Locations

In a significant move impacting thousands of customers, TD Bank, one of the largest financial institutions in the United States with over 1,100 branches, has announced the closure of 38 locations across 10 states and Washington, D.C. This decision, part of a broader strategic review prompted by shifting customer habits and recent regulatory challenges, has raised concerns about access to in-person banking services, particularly in states like Ne…

Norway Wealth Fund Puts TD Bank Under Observation for Four Years

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