CHERRY HILL, N.J., February 22, 2024--TD, America’s Most Convenient Bank®, today announced the launch of Tap to Pay on iPhone, enabling small and micro business owners across the U.S. to use their mobile phone for a seamless and secure point-of-sale (POS) experience.
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Canada's TD Bank faces a significant monetary penalty after an examination by the financial-crimes watchdog found faulty anti-money laundering controls, the Globe and Mail reported on Friday. The Globe reported the monetary penalty is expected to exceed C$10 million ($7.44 million), which could be the biggest ever penalty slapped on a Canadian financial institution by the country's anti-money laundering agency. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which is preparing to impose the penalty, completed an assessment of the lender in late 2023 and deemed its anti-money laundering compliance to be unsatisfactory, the report said, citing five people familiar with the matter.