TD Bank Sued by Chinese Employees in US Claiming Illegal Firing

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches.

Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York City as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs, they said.

The plaintiffs claim they were hired to forge ties with Toronto-Dominion customers with Chinese ancestry, and then subjected to illegal firing ...