Toronto-Dominion Bank is working through a US Department of Justice probe related to its compliance with anti-money-laundering rules, the head of the lender’s US retail division said Wednesday, according to Bloomberg.

“We believe that’s a manageable item and, in the fullness of time, we will be able to resolve” it, Leo Salom, president and chief executive officer of Toronto-Dominion’s TD Bank, said at a Barclays Plc conference in New York.

Canada’s second-largest bank disclosed last month that it’s been receiving inquiries from regulators and law enforcement about its AML compliance, and said it’s cooperating with authorities. Toronto-Dominion said at the time that it anticipates “monetary and/or non-monetary penalties to be imposed.”

Salom said the disclosure about the inquiries was separate from Toronto-Dominion’s decision in early May to terminate a planned $13.4 billion acquisition of Memphis-based First Horizon Corp. over a lack of regulatory certainty.

The acquisition was held up by concerns about Toronto-Dominion’s handling of suspicious customer transactions, a delay that contributed to the banks’ decision to abandon the deal, Bloomberg News and the Wall Street Journal reported at the time, citing people familiar with the matter.