TD Bank probe tied to laundering of illicit fentanyl profits, WSJ reports

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The bank disclosed last year that it was cooperating with authorities in an investigation into its anti-money laundering compliance program by the DoJ. The investigation was initiated after agents uncovered an operation in New York and New Jersey that laundered hundreds of millions of dollars in proceeds from illicit narcotics through TD and other banks, the WSJ reported, citing court documents and people familiar with the matter.