China is exploiting DEI to launder billions through western banks.

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TLDR:

  • TD Bank faces a $3 billion fine for enabling $168M laundering by drug cartels.
  • Systemic DEI culture undermined fraud monitoring and enforcement.
  • Employees flagged suspicious $375K and $290K deposits; leadership ignored warnings.
  • Executive tied to DEI leadership neglected reports detailing laundering activities.
  • Bank prioritized diversity awards over essential responsibilities.
  • DOJ’s response mandates DEI in the monitor selection process.

TD Bank’s negligence shows DEI priorities can cripple critical systems, enabling cartels to thrive. Institutions focused on optics over competence jeopardize public safety and trust.

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