The Globe and Mail reports in its Saturday edition that the revelation TD Bank is involved in a major money-laundering operation that spanned three states -- New York, New Jersey and Pennsylvania -- suggests multiple money-laundering breaches over a long period of time. A triple-bylined item led by Tim Kiladze says this could result in much tougher enforcement. U.S. President Joe Biden has been escalating his administration's crackdown on the laundering of illicit drug profits through the financial system, particularly when it comes to fentanyl. TD, then, is in the centre of a geopolitical firestorm that spans China, which often supplies the chemicals for narcotics; Mexico, which makes the drugs and moves them into the U.S.; and Russia, whose spies are reportedly deeply embedded in Mexican criminal groups. Various incentives were used by a fentanyl drug ring to bribe TD tellers, including gift cards, which helps to explain why large cash deposits could be made. The ring also relied on cashier's cheques to launder the money through business accounts they managed. Before taking over as chief executive officer in 2014, Bharat Masrani had been head of TD's U.S. division, as well as chief risk officer of the entire bank.