The Globe and Mail reports in its Thursday, Dec. 12, edition that a former Toronto-Dominion Bank employee in Florida was arrested for allegedly facilitating money laundering to Colombia. The Globe's Stefanie Marotta writes that this charge is part of an investigation by the U.S. Department of Justice into TD's involvement in moving drug proceeds. In October, TD pleaded guilty to conspiracy to commit money laundering, resulting in a $3-billion (U.S.) penalty. Leonardo Ayala, who worked at a TD retail location in Doral, Fla., between February, 2023, and November, 2023, allegedly "exploited his position as a bank employee" to assist a money-laundering network, the DOJ said in a news release Wednesday. It alleged that after another TD employee opened accounts in the names of shell companies, Mr. Ayala issued dozens of debit cards for the accounts in exchange for bribes. "Those accounts were then allegedly used to launder millions of dollars in narcotics proceeds through cash withdrawals at ATMs in Colombia," the DOJ said in the release. Mr. Ayala appeared in Miami federal court on Tuesday, facing one count of conspiracy to commit money laundering, with a maximum penalty of 20 years in prison.