The Globe and Mail reports in its Friday edition that failures to stop money laundering in TD Bank's U.S. division were egregious, pervasive and well known even at senior levels of the bank. The Globe's James Bradshaw and Tim Kiladze write that according to top U.S. Justice Department officials, TD was a place where low-level employees joked openly about the bank being an easy target for bad actors, while senior executives failed to act on warnings. Two of TD's U.S. subsidiaries pleaded guilty to multiple felony charges on Thursday, agreeing to pay more than $3-billion (U.S.) in penalties. The deficiencies in TD's defences against money laundering spanned nearly a decade, starting in 2014. Some of the illegal activity was obvious and bore classic signs of money laundering: A criminal who has since pled guilty deposited more than $1-million (U.S.) in cash in a single day, then immediately moved the funds back out of the bank. U.S. Attorney-General Merrick Garland said the Justice Department has "active and ongoing" criminal investigations into individual employees "at every level of TD Bank. ... We do expect to see more prosecutions," he said. "No one involved in TD Bank's illegal conduct will be off limits."