U.S. prosecutors have alleged that TD was reckless in failing to build and maintain systems that flagged and prevented money-laundering.

U.S. President Joe Biden recently announced important actions to combat Russian sanctions evasion and crypto money laundering.

TD Bank is close to a possible guilty plea to criminal charges that its U.S. retail bank failed to curb money laundering tied to Chinese crime groups and illicit fentanyl sales, the Wall Street Journal reported on Friday.

The Toronto-Dominion Bank (NYSE:TD) is close to striking a possible plea deal over criminal charges related to its U.S. retail unit's alleged failure to take steps to prevent money laundering linked to Chinese criminal groups and illegal fentanyl sales,