The Financial Post reports in its Friday edition that Canadian banks are expected to come under increased scrutiny from regulators in 2025 following the historic sanctions against TD Bank for its failure to tackle money-laundering activities in the United States, says a new report by Fitch Ratings. The Post's Naimul Karim writes that Fitch expects the Office of the Superintendent of Financial Institutions, Canada's primary banking regulator, to conduct reviews and audits of the banks with an emphasis on their anti-money-laundering programs. It also expects "heightened regulatory scrutiny" from U.S. regulators. "We expect Canadian banks to be focused on operational risk management and regulatory reporting in 2025, which could imply higher spending on those initiatives," Fitch said in its report Wednesday. TD was fined $3.1-billion (U.S.) and ordered to cap the expansion of its retail banking business in October by the U.S. Department of Justice and other regulators for failing to monitor money-laundering activities at its branches. Fitch's Maria-Gabriella Khoury last week said the other Canadian banks, "not just TD," will also be looking at their anti-money-laundering programs, along with all other operational risks.