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Storm Floris Unleashes Chaos Across UK and Ireland

                                                          People were seeking shelter from the storm at Portstewart Storm Floris Grounds Flights and Cuts Power to Thousands Storm Floris has battered parts of the UK and Ireland with winds reaching up to 90mph, causing widespread disruption to transport and power infrastructure. The storm, one of the most severe of the 2024–25 season, has led to hundreds of flight cancellations, blocked roads, and left tens of thousands without electricity. Air Travel Disrupted More than 150 flights were cancelled across northern Scotland and Northern Ireland, with Aberdeen and Belfast City airports among the worst affected. Some flights, including easyJet and KLM services, were forced to turn back mid-air due to dangerous landing conditions. Rail and Road Chaos Scotland’s rail netwo...
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TD Bank Fined $3 Billion for Money Laundering Violations

 


Toronto-Dominion Bank (TD Bank) has agreed to pay a staggering $3 billion in fines after pleading guilty to multiple charges of money laundering and failing to maintain an adequate anti-money laundering program. This historic settlement marks the largest penalty ever imposed under the U.S. Bank Secrecy Act.

The charges stem from TD Bank’s failure to monitor and report suspicious activities, which allowed drug traffickers and other criminals to launder significant sums of money through the bank’s accounts. U.S. authorities revealed that TD Bank employees were bribed to facilitate these illegal transactions, with over $670 million being laundered through the bank over several years.

In addition to the financial penalties, TD Bank will face an asset cap, limiting its growth in the U.S. market. The bank has also committed to enhancing its compliance programs to prevent future violations.

Bharat Masrani, CEO of TD Bank Group, issued an apology, acknowledging the bank’s failures and pledging to make necessary changes to restore trust and compliance.

This case serves as a stark reminder of the importance of robust anti-money laundering measures and the severe consequences of neglecting them.


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