The Globe and Mail reports in its Thursday edition that a former TD Bank employee based in Florida has been arrested for allegedly facilitating money laundering through the lender to Colombia. The Globe's Stefanie Marotta writes that the charge is the latest in the continuing investigation by the U.S. Department of Justice and regulators into TD's role in shuttling hundreds of millions of dollars in drug proceeds. In October, TD pleaded guilty to conspiracy to commit money laundering and must pay a penalty of more than $3-billion (U.S.) and address several strict requirements set by U.S. regulators and law enforcement. 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. Mr. Ayala could face 20 years in jail.