Historic ruling by US judge levels tough sanctions on TD Bank


‘Willful’ abuses tied to AML controls led to ruling that will bring massive costs to bank

Lacing her words with synonyms that put a kinder tone on her scorn, disbelief and aspersions on the ethics and competence of TD Bank employees who helped Greenberg Traurig lawyers defend a lawsuit by a victim of a major fraud, federal District Judge Marcia G. Cooke did something Friday, August 3 no other judge had ever done.

She sanctioned the bank for willful misconduct in its handling of evidence that was produced, improperly withheld or presented in altered form, before, during and after the trial that has become a guidepost on the liability of financial institutions to victims of fraud.

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  1. […] abuses tied to TD Bank’s anti-money laundering controls led a U.S. judge to rule that it will bring massive costs to the bank. […]

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