The Globe and Mail reports in its Saturday edition that in January, 2021, American law enforcement agencies surveilled a suspicious box truck and a Lexus SUV through the streets of Queens, N.Y. A triple-bylined item led by Tim Kiladze says their hunch was that a criminal ring was out to launder fentanyl drug money. Bags were exchanged between vehicles, and suspects made large cash deposits. Throughout the investigations, the authorities never named the Queens bank. It was TD Bank. "This is unacceptable and not in line with our values," TD's chief executive officer Bharat Masrani said in a statement Friday. U.S. authorities believe the criminal ring conducted more than $2-million (U.S.) worth of transactions on that single day in January, and that it laundered $653-million (U.S.) between 2016 and 2021. Last year TD disclosed that it was the subject of an anti-money-laundering investigation after U.S. regulators blocked its $13.4-billion (U.S.) takeover of First Horizon Corp. The working theory was that TD would pay a fine, but nothing obscene, and its expansion in the United States would eventually be back on track. Now, however, one analyst says the total sanctions could easily hit $2-billion (Canadian).