The Globe and Mail reports in its Friday edition that another shoe dropped in TD Bank's U.S. anti-money-laundering (AML) saga with the release of its fourth-quarter results on Thursday. Guest columnist John Turley-Ewart writes that when it landed it startled markets, dragging TD's share price down by 7 per cent. The problems TD faces have now been made plain for all to see. It is a worrisome sight. TD is now being compelled to jump through new regulatory hoops to hold onto some elements of its U.S. business that have nothing to do with AML. TD Bank admits its "plea agreements resulted in one TD entity being disqualified from serving as an investment adviser or underwriter to registered investment companies in the United States" and another entity was also disqualified from providing asset management services to certain U.S. employee benefit plans. Not only did the bank miss its fourth-quarter earnings goals in large part because of its U.S. AML incompetence, but TD's management is "suspending" previously announced medium-term financial targets, suggesting that at this time last year TD's executives did not foresee the extent to which its U.S. AML problems would affect the bank's earning power in years to come.