A bank launders money and they are "caught up in a scheme". A person launders money and they are a "money launderer". Note the difference in responsibility for institutions vs individuals.

@c.a.greene8395

22 күн бұрын

Laws were never created for them, the laws are there to control you and me. Laws and the people who enforce them have always been there to protect the haves from the anger of the have nots. If you look at almost every law we have from the founding fathers, it was all written for the protection of the property of wealthy...( "possession is nine tenths of the law") designed to keep the owners in power, and the workers kept underfoot. The design is meant to keep the honest man down, and is why it is said "show me one wealthy, honest business man and I will show you a liar"...the system is designed to ensure those who follow the laws may never get ahead, and it shows those who do get ahead cheated.

@Downwindjc

21 күн бұрын

Welcome to planet earth 🌏.

@bradc32

17 күн бұрын

happy with my credit union.if you are ambitious you can even join a board and have say in your CUs direction..if one big bank is doing it they all are.

Jail terms not fines. This is why trust is being lost. These are freaking nation rocking crimes.. a fine is not appropriate

Here is my TD bank story. 1998-1999 Working as a temp sorting bank deposits at TD College park for all the ontario branches. Newly graduated from customs admin and on the look out for anything. The only native born Canadian working the midnight shift. And I am sure after my experience, the last. I soon noticed that multiple bank accounts, primarily vietnamese were getting daily bank deposits for 9,999 dollars. night after night, month after month. When I reported my suspicions of money laundering to the manager, I was told to shut up or lose my job. This has been going on forever. And its obviously institutionalized.

@jay1645

26 күн бұрын

Typical and banks AML practices are a front(or scam) to keep regulators at bay. Banks lobby to keep fines low to profits made so if stock drops on headlines on AML is always a buy opp lol

@c.a.greene8395

22 күн бұрын

Shit rolls downhill... Corruption always starts at the top

@jay1645

21 күн бұрын

Bank AML is a scam .. fines paid are a pittance of $$$ made lol

@crystalslattery1712

20 күн бұрын

Not surprised at all

This must be the worst bank in Canada. Staff were speculating on Facebook as to how local residents accumulated their money. They went so far as to accuse people of getting stolen credit cards, buying stuff, and selling the stuff they bought. These were bank tellers saying this from their own account. It was disgusting.

I am an American citizen living in NJ and was - until hearing this news - "in love" with TD Bank as the best customer ervice bank I ever knew, and recommende it to everyone who would listen. I am just writing this in complete shock.

"Eventually, they realized..." ...No, the bank was complicit.

The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.

@Danielfreeman-nr2xc

23 күн бұрын

What about the Fed lending program for banks that was said to ease financial tensions after the domino effect from Signature and Silicon Valley banks?

@DlostZhip

23 күн бұрын

Yeah, that sufficed, but what helped the economy was rising immigration which helped even out the mismatch between open jobs and people looking for work.

@Stevanc

23 күн бұрын

I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.

@Sarahkidz

23 күн бұрын

I’m indifferent. All I do care about is what assets and securities will drive the Santa Rally. It is upon us, folks. I have a $100k portfolio, and I have a friend who has grown theirs to over 30% with the recent rallies. He is up 4% this month alone!

@Danielfreeman-nr2xc

23 күн бұрын

I fell short of my mortgage and had to foreclose the property. Who is this broker you use, and are they accessible or is it private?

TD Bank, in my opinion, had ethical issues for a while now.

@pretty_troll

Ай бұрын

TD has been a boys club at the top since they amalgamated & by boys club i mean homosexual lifestyle

@jay1645

26 күн бұрын

Banks have no ethics except one .. how much does a leveraged buck return lol

Makes one wonder why Casinos and drugs are being legalized...

@MsCGarnica

26 күн бұрын

We are living in Joe bidens lawless society! It has to stop, and we so need to stop that traitor to our country!! Fjb!

I knew I left them for a reason. They also froze people's bank acct's . Glad I got my money out.

If TD is doing this imagine other banks what they do.

@user-yv7dt5je1l

Ай бұрын

JPMorgan helped Epstein, and he DIDN'T kill himself. 😂 Eyes wide shut. Keep ignoring the truth or watch the world burn 🤷🏻‍♀️ the choice is yours.

@TheMockatiel

Ай бұрын

@KenCheeseBro td is my local bank

@sun_s9067

Ай бұрын

That depends on compliance culture at each bank. I work for one of the Big Five banks (obviously not TD). Although we are in a supporting function servicing the Bank and not cutomer facing, we are trianed regularly for compliance including anti money laundering. The message is clear that everyone in the Bank has duty to watch for all irregular activities and report if we come across one. How serious employees take on this and how good the system is to be able to catch such thing depends. However, i have faith in our people that, with regular training and emphasis, we will do the right thing.

@rettbutler1312

23 күн бұрын

The CEO of TD bank, Bahrat Masrani, who has been settled in Canada for roughly 21 years but working for TD bank for DECADES (immigrated young), is a Ugandan-born immigrant of East Indian descent. Just gonna leave that here.

@jimcovell1067

19 күн бұрын

CIBC

Remove your money from this "bank" pronto.

The CEO of TD bank, Bharat Masrani, who has been settled in Canada for roughly 21 years but working for TD bank for DECADES (immigrated young), is a Ugandan-born immigrant of East Indian descent. Just gonna leave that here.

@jay1645

21 күн бұрын

Not smart enough to run rackets like JPM .. look up their cases 1K+ and fines paid 48 bln. lol

I cant even withdraw $2k cash or deposit over $4500 without getting harassed by teller at Canada Trust, this story sounds farfetched!

@ilsevanheerden4976

Ай бұрын

Of course YOU can't! Our every move is checked. The rich and corrupt, however, can do what they want.

@badfeng

Ай бұрын

The banks, including TD, don't want to give up cash, but if you transfer funds to another institution banks don't tend to hassle you. I think the difference with TD, from the sounds of it, is if you showed up with a mass of cash they wouldn't ask questions.

@ethimself5064

Ай бұрын

This is in the USA and TD and laws are very different down there

@MorrisFilmPhoto

Ай бұрын

Yaaa,Right! And soon you going to tell me that these same type of (Chinese/Mexican) Criminal Gangs bought up huge amount of Apartments and even whole Blocks, making Inflated Prices for any Apartment; as Bank doesn't care who own these apartments No one with Honest Hard Working Canadian can afford even single room apartments!!! Yaaa, Right! It all sounds like a "Conspiracy" against Hard Working Honest Immigrants from China or Mexico Drug Gangs, owning those Canadian Apartments unseen via Banks and Equity Companies like "WhiteFeather" 😂💯🐼💥 NoNoNo all Canadian Banks are Honest and All Apartments are Bought Up with Honest Hard Working Class Canadians!!! SureSure 👋

@BirdTrainingClub

Ай бұрын

That’s because we are peasants without the right management connections.

We want to be like Argentina. They rejected the WEF and are recovering!!!

Ashamed for the CEO. TD used to be a good bank. Is this incompetent and corrupt CEO still in power, what does the board do about it?

TD knew it's own involvement, regular $2M deposits at a BRANCH??????

Great reporting guys!

Speaks to corporate culture.

@ericadenison1019

9 күн бұрын

Yes exactly companies with exceptional ESG inc. employee care programs have very little employee fraud concerns.

TD fired my daughter from her job - unjustly. Punishment comes in strange ways. 😂

@Mpg972

Ай бұрын

Yes indeed but the customers shareholders and staff will mow all be potential down by the fine amounts

@kellyprice1024

24 күн бұрын

No more hiring of a certain race in my bank.

My wife/company bookkeeper was refused to deposit regular weekly cheques in the company account using my card and PIN (only deposit nothing else) saying that she isn't the cardholder..ps I asked for a card for her before and that wasn't an option.. it's never an average teller that can get this slide through, it's always a higher up greased to get the process rolling. After that if the account setup with the right notes or structure whatever it needs, the people laundering can just walk in any locations and just hand over a bag full of cash inserting the card and any teller will see the account structure and process the money without a hassle

They said crypto was bad, turns out they were just deflecting.

Former insurance broker for TD myself and I will say that the corruption does not end in the banking sector. Very poor practices on the corporate side of this business across all branches.

I've had horrible customer service at TD on Elgin, Ottawa. Submitted a complaint and haven't heard back in 6 months.

@kellyprice1024

24 күн бұрын

You should see the pathetic Christmas decorating in branches. Lots of packing tape used.

Thank goodness I avoided them like the plague.

Hello poor people do not launder money .

@EMan-cu5zo

Ай бұрын

They have nothing to launder.

@parkerbohnn

27 күн бұрын

It's the Chinese way of life and that will never change.

Got to make us wonder when a management team does not react with complete transparency and clear exposure of any problems found… wow. There must be something terrible going on at the top levels in countries. Let’s force them to open up…

TD has representatives who attend bilderberg meetings. Nothing is accidental.

@badfeng

Ай бұрын

We live in mafia states.

Nothing will happen. Bad headlines never affect a bank. To have change, you actually have to prosecute. If there's no consequences, there's no problem

@kellyprice1024

24 күн бұрын

Check resignations. Who stepped down.

Where is the financial monitoring and controls at the higher levels of management.

Online gambling has been linked to money laundering as well.

Bharat needs to be held accountable for these issues. Under his leadership TD has fallen further and further from grace. Under Ed Clark, this kind of crap wouldn’t have happened.

@tigalbaby

Ай бұрын

He certainly should be held accountable as CEO. But under his leadership TD has grown its US presence in a significant way . A fly always makes a tasty soup un palatable. But in this case remove the irritant and all will be well .

NYC is now a cesspool more than ever. Glad I left

Great reporting interesting topic

I’ve had an unpleasant customer service experience with TD bank in NJ a few times. Closed my account with them, never looked back. They were arrogant and rude just because they could. Never saw such strange staff behavior in any other bank in US.

@kellyprice1024

24 күн бұрын

I had the same problem until yesterday. I must have gotten the very best person in the branch. She was so very nice. Mortgage free now. Finally!

“Bags” great chapter name

Why is this not surprising, OMG.

"Caught up"

Every bank launders money...they cant get enough cash.

This is an opportunity for banks to integrate much more visionary and progressive HR policies. When employees feel genuinely valued, respected and respected by a company culture they don't engage in inappropriate behavior.Employees are who create most of the value for all businesses, the evidence is clear businesses with exceptional ESG standards inc. employee care, respect good benefits and compensation realize higher success in all aspects of their business models. It doesn't make what employees did right, but prioritizing employee well-being and fair compensation is ethical and classically prevents the kind of mayhem that has happened at TD and certainly is occurring with other banks, banks are well known to not pay fair and have outdated employee care policies. We are all people and equality of wellbeing is essential to happiness for all.

No UAR filed???

Poor service and less then smart people at the main branch in Calgary...

@songsabai3794

24 күн бұрын

I need Google-translator to communicate with my TD branch 😁

All very inciting

Canada suffered it's own mortgage meltdown between 1999 and 2006. Huge shuffle. Then we were forced into the Know You Client routine. Doesn't TD use this tool in the USA?

This is why TD still continue to charge for everything, so their button and Profit can be larger. Disgusting. Customer should get some of the profits. ❤

Now I know why they just closed our good little TD bank in my home town In Alberta.

They stole 60000 from me .

But..... was it not an US stock Exchange company that have sold syntetic opiats and such, during last tens of years, that was the colprits?

Arts degree holders are running Canada. What do you expect?

Dont these tellers have supervisors this sounds like horseshit to me . And the lets get rid of cash mantra

YES PLEASE! GET ALL OF THEM 🧚😇🙏🏽💜

Yes I'd like to deposit these bags of cash... No problem sir, right this way. Like who dropped the ball? You mean to tell me no one, not a single person raised an eyebrow? Come-on!

@bartkorol611

Ай бұрын

Because one of the bags just dropped... And the peoples eyes met and they said, not mine. Business carried on.

@EMan-cu5zo

Ай бұрын

This used to be normal to deposit cash. I remember years ago I worked in the restaurant business and almost every night we would deposit a large sum of money. At least enough that would raise flags currently. I think it’s a bad thing personally. I don’t want them to know what I am doing with my business. It’s hard to hold over a few thousand dollars anymore.

@kellyprice1024

24 күн бұрын

Cassinos

If someone don’t tell you the true, means they know something. “Problems crossed a lot” means a lot rich involved in it.

All main banks froze bank accounts....😢 Get an American citizenship

That was 20 years ago

I thought all banks were involved ?

Bags of monies

So drug dealers can work for the government or for the drug cartel. What’s the difference

@EMan-cu5zo

Ай бұрын

They just want their cut of the drug sales. They couldn’t care less about the people.

@kellyprice1024

24 күн бұрын

The government are the dealers. If they didn't want the drugs coming in, they could stop it. BC legalising drug use and in children's playgrounds to boot.

All Canadian banks need strict investigations/audits to make sure it is not going on here too. The federal government need to do their jobs and make sure money laundering doesn’t happen here also, I’m sure it is happening here too.

@marilyncourteau8951

Ай бұрын

the govt is moneylaundering central

@EMan-cu5zo

Ай бұрын

It happens everywhere

Quite often ,I bet

The alleged bribed teller employees should also be drug tested to shed light on direct involvement in the criminal activity generating the illicit revenue. Further, teller's could receive illicit cocaine bribes to carry out money laundering transactions.

Everyone is employed from the inside silly😂. Every money exchange center, call center, and bank😂

I’d like to deposit this money 💰💰💰💰💰💰💰💰💰from my small family dry cleaning, laundry and carwash business. 😉 This “uncertainty” period is an excellent opportunity to accumulate shares of TD. It my be painful in the short term but the bank will come out of this stronger on the other end. 📈

How much blood of canadians are on the blood stained hands of these people..jail not fines

all banks launder money, this isn't a new thing

Everyone one that put their hands on the money go's to jail, hangman is comin down and they don't have very long. thx

Was they using bitcoin? Lol

So TD is involved in laundering ???? Not some staff members at TD? And have other banks been investigated ? Why TD alone . Suspect that the US has targeted a Canadian company and conveniently left out Well Fargo etc!!! TD is an outstanding franchise which like all firms have a few dishonest staff members. Will continue to hold TD .

@IsaacGabriel-kh5ds

Ай бұрын

Keep drinking the Kool-Aid.

@tigalbaby

Ай бұрын

@@IsaacGabriel-kh5ds Ah Jim jones reincarnated .

🥱

CBDC propaganda

“Caught up in” a scheme? Frankly I find that hard to believe given that TD (my experience) is so nutso that they will refuse to perform their own contracts to avoid the labour cost of probably about half an hour without a care in the world of the consequences. It’s what happens when an attitude of impunity and enabling bonus structures collide.

😂😂😂 Canada is one big lundry machine future world truble maker. Where gangs from all over the world will rule rest of the world. China mafija is operating in Canada is one nice example together with others of course.

I have had excellent service at TD. They are so quick when someone is messing with your account. And the employees are always so helpful. I'm going " WHAT"...

Go woke, go broke! TD has the worst woke agenda! 😂😂😂

@colinrussell476

Ай бұрын

No bank is more woke, and more broke, than Laurentian Bank

@Mpg972

Ай бұрын

Banks should be banks