FinCEN's investigation found that TD Bank failed to report suspicious cryptocurrency transactions associated with a group of customers. The customer transferred $420 million in funds to cryptocurrency service providers in high-risk regions such as Colombia. The bank failed to implement effective anti-money laundering measures in a timely manner until law enforcement agencies intervened in the investigation. In the end, TD Bank was fined $3 billion for violating anti-money laundering regulations, of which $1.3 billion was paid to FinCEN. (Blockworks)