Life is temporary, glory is temporary, pain is temporary, and at best, we transit through life, maybe learning a few lessons while we’re here. It’s like a virtual mirage, isn’t it?
Money Laundering News (h/t Al Kirk)
(WSJ) A Justice Department investigation into TD Bank’s internal controls focuses on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.
The investigation was launched after agents uncovered an operation in New York and New Jersey that laundered hundreds of millions of dollars in proceeds from illicit narcotics through TD and other banks, according to court documents and people familiar with the matter. In that case and at least one other, prosecutors also allege the criminals bribed TD employees.
While TD disclosed a Justice Department probe into its anti-money-laundering practices last year, the focus on money laundering related to illegal drug sales hasn’t been previously reported.
TD’s anti-money laundering practices have been under scrutiny for years.
The bank said Tuesday that in addition to the Justice probe, it is the subject of three other anti-money-laundering investigations in the U.S. TD set aside $450 million to resolve one of those inquiries and said it expects additional penalties. On Thursday, a Canadian banking regulator fined TD the equivalent of $6.7 million for failing to file suspicious activity reports and document risks related to money laundering and terrorist activity, among other things.
The issues have already stalled TD’s ambitious expansion plans. Over the past two decades, TD has built one of the largest U.S. regional banks with a flurry of acquisitions. Early last year, it was on the cusp of extending its reach into the Southeast with a $13.4 billion deal to buy Tennessee’s First Horizon. But regulators’ concerns over how TD tracked and flagged suspicious customer transactions helped scuttle the deal, The Wall Street Journal reported a year ago.
A TD spokeswoman said in a statement Thursday that it is cooperating with law-enforcement officials and regulators and strengthening its anti-money-laundering program.
She said criminals constantly seek to use banks to launder money, and the banks’ systems don’t effectively thwart these activities. “This is unacceptable, and we must, and we will do better,” she said.
TD’s shares closed down 1% Thursday following the Journal’s report.
***
Bullet Points:
** Gravity – It’s a common misconception that our ears and noses continue to grow throughout our lifetime — though they sometimes appear to take on almost cartoonish proportions toward the end of our lives. So what’s going on here? It turns out that it’s not the cartilage in our noses and ears that’s to blame. Instead, the culprit is decades of experiencing gravity. This constant gravitational pull and general degradation due to age causes the collagen and elastic fibers in our ears and nose to droop and elongate. The surrounding skin supporting these structures also breaks down and droops over time while simultaneously losing volume. Studies have shown that the average human ear elongates approximately 0.22 millimeters yearly. It’s a process that’s so reliable that ears can be used as a tool for determining a person’s age. —- Great.
** When you marry a great wife, you get a life companion and a driving and parking instructor.
** Am I becoming more virtuous with age, or am I just too tired to sin effectively?
** (h/t HogsbreathSS) https://genflynn.substack.com/ General Michael Flynn’s substack blog.
** Housekeeping – The software issues here appear to have been solved – I know that the ID of the tanks and airplanes is easy today. Sorry. I’ll try to get some more challenging stuff up.
** It’s exciting – we have a woman too dumb to work at McDonald’s as vice president. She mentioned working at McDonald’s in one of her speeches, but the NY Post can’t verify it.
*
Identify the Aircraft
1
*
‘Identify the Armor
2
3
Parting Shot
When the COVID Quarantine was an Issue…
Two is Panzerfeldhaubitze 18M auf Geschützwagen III/IV (Sf) Hummel self propelled gun.
Yes
Identify the Aircraft:
1. SNCAC NC.1071
Identify the Armor:
2. Hummel prototype
3. Jagdpanther
You ran the table. More difficult tomorrow.
” you get a life companion and a driving and parking instructor.” and if you’re really blessed, a trailer backer-upper.
I’m doomed. Mine has trouble backing out of the driveway in a car.
Ed’s bride could give lessons…mailbox money.
Your not alone Jim.
My Sweet Little Wife can’t park worth a hill of beans. I even bought a little thing that mounts on the ceiling, and puts a laser spot on the car when it’s in the correct position.
Didn’t help…..
IDA-
1. SNCAC NC.1070 torpedo bomber
2. Panzerfeldhaubitze 18M auf Geschützwagen III/ IV( Sf) Hummel,Sd.Kfz. 165. Hummel or “Bumble Bee”
3. Jagdpanther (SdKfz 173)
Is there anything the Chinese don’t have their fingers in?
Trump.
what of the synagogue of satan?
So Linda Sun, NY Governor Kathy Hochul’s aide (but originally hired by Andrew Cuomo) was just arrested for being a PRC agent.
Good. Now let’s go after agents of other foreign powers as well. Maybe start with another high-IQ ethnostate that has the US riddled and controlled even better than those Chinese who are crude amateurs by comparison.
Speaking of money laundering:
Defendant Engaged in Political Activities in the Interests of the CCP and With Her Co-Defendant Husband Conspired to Launder the Proceeds of Their Unlawful Activities
https://www.justice.gov/usao-edny/pr/former-high-ranking-new-york-state-government-employee-charged-acting-undisclosed
* @Wild, wild west – yes! but this is a family blog
* “…more virtuous with age…” I now finally understand the meaning of “too pooped to pop”
* is it only me… throughout all of my professional life, I had to carry some means of communication; I had no choice. These days I don’t even wear a watch; my chrononeurosis which peaked at 110% is now approaching zero. My OL, the love of my life, recently chided me, “I tried to call you, but your cellphone rang in the bedroom.” She hates it when I just grin like Goofy.
It’s about time you got rid of your chrononeurosis…
😹
:)
Gravity sucks…so to speak…especially when your 6-pack turns into a 1-pack and you have nothing to say about it except to eat crickets and non-GMO organic free-range leaf lettuce. (kidding, but it is partially true as many of us have lost our “hollow leg” metabolism despite staying active.)
*
TD Bank- Between large banks and Wall Street we have an operating criminal element that is nearly untouchable as they play the grift so well. Banks will make money wherever possible, same with labs buying aborted baby parts for “research”…the moral component is completely ignored because “the ends justifies the means” so they turn a blind eye on their own reprehensible behavior.
*
“Am I becoming more virtuous with age, or am I just too tired to sin effectively?” – Sure it’s not both?
PS- Why does that last photo of Mr/Mrs O remind me of Barry Gibb from the 70’s? Now I can’t unsee it.
The black Berry Gibb… I didn’t see it, but I do now. Can Big Mike carry a tune?
Possibly, in a Baritone tho.
Had the same response to that picture.
** When you marry a great wife, you get a life companion and a driving and parking instructor.
Marry a farm girl. She will most likely be a better driver than you.
The life span of our family car, driven by my late, unlamented ex, was about 18 months.
Ann Anderson in the movie “Shenandoah”, “I don’t see anybody here I can’t out run, out ride, and out shoot”.
How can TD Bank be in trouble for money laundering?
*
I thought the entire reason that FedGov condones the existence of banks was to launder money…
*
Are they not keeping up with the Vig, or something?
*
– Kle.
:)
Was told today I was going to be arrested for brandishing. I stopped an assault on two women. The attacker then turned and charged me yelling I’m gonna beat your ass old man. The Glock magically appeared in my right hand I said ,,No your not. He changed course and hid behind his truck calling the popo on me.
Turns out one of the women was his baby momma, she won’t press charges . So I’m hung out . The cops were there in 3 minutes, very small town. I knew the young officer , he said u should have shot the bastard , watch out he’s trouble .
No good deed goes unpunished .
Prayers for you Keith. Keep us informed.
X2
What state do you live in, Keith?
The great state of Mississippi , we are generally very supportive of self defense ,,but u can still file charges for anything. It would likely get thrown out by the judge ,, but damn it still means court and lawyers and bullshit.
But I’ve known the judge since she was 10 years old ,, I was the Girl Scout dad who took them camping. I also taught them how to field strip a colt gov.model.
It’s not what you know , but who you know.
We shall see.
Good luck! Sounds like things should eventually go well, anyway.
*
– Kle.
Sounds like you did the (morally) right thing. It’s an insane world where you could be prosecuted for that.
Please keep us posted.
“am I just too tired to sin effectively?”
Perhaps not – but experienced enough to know what the next day will be like.
Ah, the old TD story. First domino to fall?
I have no money in the Canadian banking system.