Former TD Bank assistant manager Wilfredo Aquino pleaded guilty to participating in a money‑laundering conspiracy that used bank deposits to move large sums for an international criminal network. Prosecutors say bank insiders helped process illicit cash deposits that obscured the origin of criminal proceeds.

Wilfredo Aquino, a former assistant manager at TD Bank, pleaded guilty in federal court to his role in a money‑laundering conspiracy that prosecutors say funneled hundreds of millions of dollars for an international criminal organization. According to the plea, Aquino and other insiders facilitated structured cash deposits and bank processing that allowed illicit proceeds to be integrated into the financial system while concealing their criminal origins. Investigators described coordination between bank employees and outside co-conspirators to exploit routine banking services, creating layers of transactions and recordkeeping intended to frustrate detection and tracing. The guilty plea is part of a broader enforcement focus on the role of financial-sector insiders in enabling large-scale laundering operations and shows prosecutors pursuing both front-line facilitators and higher-echelon organizers. Sentencing will consider the scale of the transfers and the degree of insider involvement; authorities emphasized that holding bank employees accountable is a priority for disrupting networks that rely on trusted financial channels to move vast sums globally.