TD Bank Money Laundering Case

Lizzeth Rosario

Co-Presenters: Alexander Persaud, Jacob Prassl, Emily Urgiles, Genesis Poalacin, Angie Sanchez

College: College of Business and Public Management

Major: BS.GLOBALBUSINESS

Faculty Research Mentor: Dawn Adams-Harmon  

Abstract:

Title: TD Bank Money Laundering CaseAuthor: Lizzeth RosarioAbstract:Our group research examines the TD Bank money laundering case and highlights unethical and illegal behavior in the banking industry. The main goal of our research project is to analyze TD Bank's violations, the people who were affected, and how the company responded. We will identify the problem first by looking at one of the major causes, for example, their lack of proper checks. Then we will evaluate the impact this issue had on customers, shareholders, regulators, and the public. We also will examine the penalties TD Bank faced, including financial fines, and how they tried to fix their mistake. Especially how the money laundering case has affected the reputation of the TD bank company as well as how that affects new customers who know about the infamous past of the company. Finally, the study considers whether the penalties in this case were fair from both the prosecution and defense perspectives.Keywords: Customers, Fines, Penalties