May 02 - Canada's anti-money laundering agency said on Thursday it had imposed its biggest-ever penalty of nearly C$9.2 million ($6.71 million) on TD Bank over non-compliance of anti-money laundering (AML) regulations. The bank has been grappling with regulatory probes over its AML compliance program both at home and in the United States, which have been a drag on the stock's performance.

May 01 - Changpeng Zhao, the founder of the world’s leading cryptocurrency exchange, was sentenced on Tuesday to four months in prison after pleading guilty last year to charges that he failed to maintain an effective anti-money laundering program. The sentence, handed down in a US federal court in Seattle, is far lighter than the three years prosecutors had argued for.

May 01 - Crypto firms, alongside retail banking, wholesale banking and wealth management, posed the greatest risk of being exploited for money laundering between 2022 and 2023, a report by the government’s financial arm said on Wednesday. The conclusion from the report came from the Financial Conduct Authority risk assessments on 238 firms. The FCA is a financial regulator in the U.K., and it has been ensuring crypto firms register with it and comply with its money laundering rules since 2020.

April 30 - Canada's TD Bank (TD.TO), opens new tab said on Tuesday it had taken an initial provision of $450 million in relation to ongoing discussions with a U.S. regulator over an anti-money laundering probe and any penalties it might be slapped with. The lender disclosed last year that it was cooperating with authorities in an investigation into its AML compliance program by the U.S. Department of Justice.