<ul><li>TD Bank, one of the largest financial institutions in the US, has been hit with a $3.09 billion fine, the largest ever imposed under the Bank Secrecy Act (BSA).</li><li>The fine is a result of TD Bank's failure to report suspicious activities, including significant cryptocurrency-related transactions.</li><li>TD Bank failed to properly monitor transactions for a specific client, leading to concerns over compliance practices in dealing with digital assets.</li><li>The bank has agreed to pay $1.8 billion in fines as part of a settlement with the DOJ, and FinCEN imposed an additional $1.3 billion penalty.</li></ul>

Crypto Scandal: FinCEN Slams US Banking Giant with $3B Penalty—What Went Wrong?

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