New York CNN —
A former Florida-based TD Bank employee was arrested for his alleged role in a massive money-laundering scheme by drug cartels for which the US government previously fined the bank $3 billion.
The US attorney’s office in the District of New Jersey announced that Leonardo Ayala, 24, was arrested and charged on one count of money laundering conspiracy.
The arrest follows the record fine TD Bank faced in October, after the US Department of Justice said it had “long-term, pervasive, and systemic deficiencies” in its procedures for monitoring transactions.
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