Riccardo Spagni: TD Bank pleaded guilty to laundering violations as Bank of America faced OCC order

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14.05.2026

Riccardo Spagni: TD Bank pleaded guilty to laundering violations as Bank of America faced OCC order — TD Bank laundering case, BofA faces OCC action

Riccardo Spagni, co-founder at Tari Labs, reports that TD Bank N.A. pleaded guilty to Bank Secrecy Act and money-laundering conspiracy violations after the Department of Justice found laundering networks moved over $670 million through TD accounts.

According to Spagni, Bank of America N.A. was also subject to a cease-and-desist order from the Office of the Comptroller of the Currency for Bank Secrecy Act and sanctions issues.

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Spagni has previously criticized centralized exchanges for freezing Monero withdrawals, highlighting Kraken's support for user access in a recent commentary. He also recently questioned the level of centralization in Wagyu compared to THORchain in the crypto ecosystem, according to earlier remarks. These statements show Spagni's ongoing focus on compliance and centralization issues in both traditional banking and cryptocurrency platforms.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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