Source: U.S. Department of the Treasury – OFAC

Toronto-Dominion Bank (“TD Bank”),a financial institution headquartered in Toronto, Canada, has agreed to remit $516,105 to

settle its potential civil liability for 167 apparent violations of

§ 515.201 of the Cuban Assets Control Regulations, 31 C.F.R. part

515(CACR), and § 560.204 of the Iranian Transactions Sanctions Regulations, 31 C.F.R. part 560 (ITSR)(collectively, the “Apparent Violations”). Separately, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued a Finding of Violation to TD Bank, the parent company of wholly owned subsidiaries Internaxx Bank SA (“Internaxx”) and TD Waterhouse Investment Services (Europe) Limited (“TDWIS”), for 3,491 violations of the CACR and ITSR (collectively, the “Violations”)…


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