TORONTO, Aug 24 Reuters TD Bank Group on Thursday said it expects fines and nonmonetary penalties related to investigations by U.S. authorities over its antimoney laundering compliance program.

TD, Canada39;s No. 2 lender, made the disclosure as part of its quarterly earnings, in which it said it has been cooperating with U.S. authorities, including in connection with an investigation by the U.S. Department of Justice.

The bank is cooperating with such authorities and is pursuing efforts to enhance its Bank Secrecy Actantimoney laundering compliance program, TD said in the filing.

While the ultimate outcomes of these inquiries and investigations are unknown at this time, the Bank anticipates monetary andor nonmonetary penalties to be imposed.

TD CEO Bharat Masrani on Thursday declined to comment on an analyst39;s question during the postearnings conference call on a provision for possible fines.

What I can say … we are pursuing efforts to enhance our U.S. AML compliance program, he told analysts.

The lender scrapped its planned 13.4 billion acquisition of U.S. regional lender First Horizon earlier this year, a move that was cheered by investors amid the U.S. regional banking crisis.

TD said it paid a termination fee of C306 million in May and separately, incurred a loss of C199 million from its investment in First Horizon.

In June, TD CEO Bharat Masrani told shareholders the bank would resolve issues with regulators that led to the collapse of the…