Episode 15, the TD Bank Scandal and Money Laundering 101

Join us for our inaugural on-video podcast, Episode 15, as we review the TD Bank scandal of late 2024 and dive into the dark and bright sides of criminal money laundering, Anti Money Laundering (AML), and Know Your Customer (KYC) topics.

Dave Holder of Veritas Security and Investigative Services, LLC, and Matthew Hedger of Artemist Advisory, LLC, co-host this discussion.

Shouts!

1. Ryan Rambo, IXN, The CI Press Podcast
2. Red Vector, a company providing continuous monitoring software for insider risk management programs, with features based on original paradigms created by a team at Lockheed Martin
3. The MITRE Corporation, Insider Threat Research & Solutions, a federally-funded research and development corporate headquarters team conducting applied research into insider risk detection models
4. DTEX, a company conducting applied research in conjunction with MITRE and participating client companies

Citations for select conversational elements:

- Coverage of the TD Bank scandal: 

1. "TD Bank Pleads Guilty to Bank Secrecy Act and Money Laundering Conspiracy Violations." United States Department of Justice, 3 Oct. 2024, https://www.justice.gov/opa/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations.
2. Argentieri, Nicole M. "Principal Assistant Attorney General Nicole M. Argentieri Delivers Remarks Announcing TD Bank's Guilty Plea." United States Department of Justice, 3 Oct. 2024, https://www.justice.gov/opa/speech/principal-assistant-attorney-general-nicole-m-argentieri-delivers-remarks-announcing-td.

3. Garland, Merrick B. "Attorney General Merrick B. Garland Delivers Remarks Announcing TD Bank's Guilty Plea." United States Department of Justice, 3 Oct. 2024, https://www.justice.gov/opa/speech/attorney-general-merrick-b-garland-delivers-remarks-announcing-td-banks-guilty-plea-bank.

4. "TD Bank Pleads Guilty to Bank Secrecy Act and Money Laundering Conspiracy Violations." United States Attorney's Office District of New Jersey, 3 Oct. 2024, https://www.justice.gov/usao-nj/pr/td-bank-pleads-guilty-bank-secrecy-act-and-money-laundering-conspiracy-violations.

- The China connection in drug and money laundering: 

1. Westhoff, Ben. Fentanyl, Inc.: How Rogue Chemists Are Creating the Deadliest Wave of the Opioid Epidemic. Atlantic Monthly Press, 2019.
2. Felbab-Brown, Vanda. "Why America Is Struggling to Stop the Fentanyl Epidemic." Foreign Affairs, 1 June 2023, https://www.foreignaffairs.com/mexico/why-america-struggling-stop-fentanyl-epidemic.
3. Barrios, Ricardo, et al. "China Primer: Illicit Fentanyl and China’s Role." Congressional Research Service, 20 Feb. 2024, https://crsreports.congress.gov/product/pdf/IF/IF10890.
4. Cassara, John A. China - Specified Unlawful Activities: CCP Inc., Transnational Crime and Money Laundering. Independently published, 2023.

- Interpol efforts to counter ransomware:

1. "INTERPOL Cyber Operation Takes Down 22,000 Malicious IP Addresses." Interpol, 5 Nov. 2024, https://www.interpol.int/News-and-Events/News/2024/INTERPOL-cyber-operation-takes-down-22-000-malicious-IP-addresses.
2. "INTERPOL-Led Operation Targets Growing Cyber Threats." Interpol, 1 Feb. 2024, https://www.interpol.int/en/News-and-Events/News/2024/INTERPOL-led-operation-targets-growing-cyber-threats.
3. "Cybercrime Operations." Interpol,