Leonardo Ayala, 24, who worked at a TD branch in Doral, Fla. between February and November last year, allegedly facilitated a money laundering network in partnership with another employee by issuing dozens of debit cards for shell company accounts in exchange for bribes. He appeared in Miami court Tuesday. (The Logic)

Talking point: The charge is another blow to TD as it works to put its money laundering troubles behind it. In October, TD pleaded guilty to money laundering failures in the U.S., agreed to pay US$3 billion in penalties and accepted an asset cap limiting its growth. Last week, TD announced a strategic review of its “opportunities and priorities” and suspended its medium-term financial targets. Ayala is the third former TD employee to be charged in connection with this particular conspiracy, which allegedly helped launder millions of dollars in drug proceeds through Colombian ATMs.