today TD Bank pled guilty to multiple felonies including conspiring to violate the bank secrecy act and commit money laundering TD Bank has also agreed to a $1.8 billion criminal penalty combined with civil enforcement actions announced today by other agencies the United States will be imposing a total of approximately $3 billion against TD Bank TD Bank created an environment that allowed Financial crime to flourish by making its services convenient for criminals it became one today TD Bank became the largest bank in US history to plead guilty to bank secrecy act program failures and the First Bank in history to plead guilty to conspiracy to commit money laundering this is also the largest ever penalty under the bank secrecy Act and the first time the justice department has assessed a daily fine against a bank