The charge in Florida the latest in the ongoing investigation by the U.S. Department of Justice and regulators into TD’s role in shuttling hundreds of millions of dollars in drug proceeds
A screenshot from June, 2023, surveillance video shows former TD employee Leonardo Ayala at the Florida store where he worked. Mr. Ayala has been charged with "exploiting his position as a bank employee” to assist a money laundering network, according to U.S. Depart of Justice press release.A former Toronto-Dominion Bank employee based in Florida was arrested and charged Tuesday for allegedly facilitating money laundering through the lender to Colombia.
Leonardo Ayala, who worked at a TD retail location in Doral, Fla., between February and November 2023 allegedly “exploited his position as a bank employee” to assist a money laundering network, the DOJ said in a press release Wednesday. “Those accounts were then allegedly used to launder millions of dollars in narcotics proceeds through cash withdrawals at ATMs in Colombia,” the DOJ said in the release.Another surveillance video screenshot from the Doral, Fla., TD store shows Mr. Ayala at the time of some of the alleged money-laundering-related actions.Mr. Ayala made his first appearance in Miami federal court on Tuesday.
Gerardo Aquino Vargas, a former retail employee in Hollywood, Fla., allegedly accepted bribes to create bank accounts, provide debit cards, and grant online access for individuals to transfer millions of dollars to Colombia, largely through automated teller machines , according to court documents filed in the United States District Court for the District of New Jersey.
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