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Northeast Winter Storm Disrupts Holiday Travel, Thousands of Flights Affected

  A powerful mix of snow and ice sweeping across the U.S. Northeast has caused major travel disruptions, leading to thousands of flight delays and cancellations across the region. The storm, which hit early Saturday, prompted states of emergency in New York and New Jersey and forced officials to warn residents to stay off treacherous roads. Airports in the New York metropolitan area—including JFK, LaGuardia, and Newark Liberty —were among the hardest hit, with airlines struggling to manage the post‑holiday travel surge. According to flight‑tracking data, more than 5,580 flights were delayed and at least 860 were canceled as of Saturday afternoon. Snowfall totals ranged from 15 to 25 centimeters across parts of New York, Connecticut, and Long Island, with New York City recording 2 to 4 inches in Central Park. Crews worked through the morning to de‑ice aircraft and clear runways as passengers faced long waits and rebooking challenges. New York Governor Kathy Hochul emphasized...
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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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