I honestly couldn't remember the details. It's been awhile. And TD Bank wasn't the only bank doing this type of shit. If you think these banks don't know where the money is coming from, I've got some ocean front property in Arizona I'm looking to sell.
TD Bank didn't even have an anti-money laundering program. And uh, you kinda have to have one of those according to the Bank Secrecy Act. They acted like every other shitbird mega corp acts like. They focused on profits over following the law or the social good.
https://www.justice.gov/opa/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations-18b
“TD Bank prioritized growth and convenience over following its legal obligations,” said U.S. Attorney Philip R. Sellinger for the District of New Jersey. “As a result of staggering and pervasive failures in oversight, it willfully failed to monitor trillions of dollars of transactions – including those involving ACH transactions, checks, high-risk countries, and peer-to-peer transactions – which allowed hundreds of millions of dollars from money laundering networks to flow through the bank, including for international drug traffickers. The bank was aware of these risks and failed to take steps to protect against them, including for two networks prosecuted in New Jersey and elsewhere – one that dumped piles of cash on the bank’s counters and another that allegedly withdrew amounts from ATMs 40 to 50 times higher than the daily limit for personal accounts.”
Sounds like more than just the problems of one guy to me. Maybe I'm wrong.