Toronto-Dominion Bank has been ordered to pay a total of $3.09 billion US in fines after pleading guilty to multiple charges, including conspiracy to violate the Bank Secrecy Act and commit money laundering. The bank has also received a cease-and-desist order and non-financial sanctions from the Office of the Comptroller of the Currency (OCC), including an asset cap that put limits on its growth in the U.S. after it was found that TD had "significant, systemic breakdowns in its transaction monitoring program." U.S. Attorney General Merrick Garland said TD created an environment "that allowed financial crime to flourish." "By making...