Warren Urges DOJ to Hold TD Executives Responsible, Charges

Democratic Senator Elizabeth Warren asked the Ministry of Justice to explain why it didn’t charge senior executives Toronto Dominion Bank about the lender’s inability to prevent money laundering.

Warren also pressed the Justice Department on why it didn’t charge Toronto-Dominion with money laundering conspiracy to launder money – to which the bank pleaded guilty this month.

A guilty plea to money laundering would have triggered the bank’s “death penalty” provision Office of the Comptroller of the Currencywhich Warren said the regulator would have required him to serve Toronto-Dominion with a notice of intent to terminate…