Norway’s $1.9 trillion sovereign wealth fund has placed Toronto-Dominion Bank under observation for a period of four years over financial crime concerns.

The decision places TD Bank among a small group of companies under formal observation by the fund, which holds a 1.05% stake in the Canadian lender as of year-end 2024.

TD Bank fined $3 billion in money-laundering fiasco that allowed organized crime to transfer hundreds of millions without being reported under federal regulation.

Norway’s $1.9 trillion sovereign wealth fund has placed Toronto-Dominion Bank under observation for a period of four years over financial crime concerns.

Norway’s $1.9 trillion sovereign wealth fund has placed Toronto-Dominion Bank under observation for a period of four years over financial crime concerns.