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Former TD Bank Manager Pleads Guilty to Money Laundering

1/8/2026

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Summary

Story summary

Wilfredo Aquino, a former assistant manager at TD Bank in New York, pleaded guilty to facilitating a money laundering network that moved hundreds of millions of dollars through TD Bank.
From 2019 through February 2021, he processed over 1,600 checks totaling more than $92 million for the network, while failing to report suspicious transactions as required.
Aquino accepted over $11,000 in retail gift cards from the network's leader, Da Ying Sze.
He is set to be sentenced on May 12.
The case highlights significant lapses in TD Bank's anti-money laundering protocols.

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Story summary

Wilfredo Aquino, a former assistant manager at TD Bank in New York, pleaded guilty to facilitating a money laundering network that moved hundreds of millions of dollars through TD Bank.
From 2019 through February 2021, he processed over 1,600 checks totaling more than $92 million for the network, while failing to report suspicious transactions as required.
Aquino accepted over $11,000 in retail gift cards from the network's leader, Da Ying Sze.
He is set to be sentenced on May 12.
The case highlights significant lapses in TD Bank's anti-money laundering protocols.