“The plaintiffs allege that TD failed to conduct proper due diligence before it started providing banking services to an Antiguan off-shore bank, and compounded its negligence by continuing to provide banking services to SIB for 20 years. Toronto - Dominion Bank has failed to have a multi - million dollar claim by the liquidators of Security International Bank ( SIB ) dismissed . The bank is accused of failing and failing to conduct proper due diligence when it was Canada 's main correspondent bank ; the court says that it could not determine , without a trial , if these allegations can be proved .
Toronto - Dominion Bank has failed to have a multi - million dollar claim by the liquidators of Security International Bank ( SIB ) dismissed . The bank is accused of failing and failing to conduct proper due diligence when it was Canada 's main correspondent bank ; the court says that it could not determine , without a trial , if these allegations can be proved .