What is the current status of the TD bank investigation?

The current status of the TD Bank investigation is significant, with ongoing investigations into the bank's involvement in money laundering operations and other fraudulent activities.

1. **Money-Laundering Investigation**: TD Bank is under investigation by the U.S. Department of Justice (DOJ) for its role in a money laundering operation associated with the illegal drug trade, particularly the distribution of fentanyl. The investigation alleges that criminals bribed TD employees to facilitate the laundering of over US$653 million in illicit funds. The bank is cooperating with law enforcement and regulators and has set aside approximately $500 million for penalties related to this investigation.
2. **Fraudulent Activity**: In addition to the money-laundering investigation, TD Bank is also dealing with claims of fraudulent activity, including unauthorized transactions on customers' accounts. The bank has initiated a claims process for such incidents, which may result in temporary credit for affected customers. However, the temporary credit could be reversed if the investigation finds the bank not liable for the fraudulent activity.
3. **Security Measures**: TD Bank has implemented various security measures to prevent fraudulent activity, including voice-recognition technology (TD VoicePrint), single-use security codes, and security alerts. The bank also uses industry-accepted security practices, such as firewalls and encryption, to safeguard customer information.

In conclusion, the TD Bank investigation is ongoing, with the DOJ focusing on the bank's role in a significant money-laundering operation. The bank is taking steps to address these vulnerabilities and is cooperating with investigations. Customers are advised to be vigilant in monitoring their accounts and to report any suspicious activity immediately.