Investigation Into TD’s Anti-Money Laundering Practices Involves U.S. Justice Department

Toronto-Dominion Bank said Thursday that it has been fielding inquiries from regulatory and law enforcement agencies related to a Department of Justice investigation implicating its U.S. businesses. The Canadian lender earlier this year scuttled a $13.4 billion bid to buy Tennessee’s First Horizon bank, after regulators refused to bless the transaction over [the way TD handled suspicious customer transactions](https://ift.tt/VPD6ihc). In its quarterly letter to shareholders Thursday, TD confirmed the inquiries into its anti-money laundering compliance program, “both generally and in connection with specific clients, counterparties or incidents in the U.S.” The bank said at least some of the inquiries were related to an investigation by the U.S. Department of Justice.