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Rio’s Deadliest Police Raid Leaves 132 Dead as Bodies Line the Streets

A mourner leans over a body, the day after a deadly police operation against drug trafficking at the favela do Penha, in Rio de Janeiro. The death toll from a massive police operation in Rio de Janeiro has risen to 132 , making it the deadliest raid in the city’s history. Residents of the Penha and Alemão favela complexes awoke to scenes of horror as dozens of corpses were laid out in the streets by grieving families searching for missing relatives. The raids, part of “Operation Containment,” targeted the powerful Comando Vermelho (Red Command) gang, a criminal faction long associated with drug trafficking and violence in Rio’s northern neighborhoods. More than 2,500 police officers , supported by helicopters and armored vehicles, were deployed in what was described as a meticulously planned crackdown. Officials hailed the operation as a blow to organized crime, but criticism has mounted over the scale of the violence. Human rights advocates and local residents accused police of ca...
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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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