The Globe and Mail reports in its Wednesday edition that Toronto-Dominion Bank is setting aside $450-million (U.S.) to cover penalties it is facing as a result of a lengthy U.S. regulatory and law enforcement investigation that derailed the bank's takeover of Tennessee-based First Horizon Corp. last spring. The Globe's Stefanie Marotta writes that last year, TD said that it expected fines or other penalties stemming from probes by the U.S. Department of Justice and other agencies related to its anti-money-laundering practices. The provision announced late Tuesday -- which the bank said relates to penalties by one undisclosed regulator -- is the first indication that TD has provided on the impact of the investigation as it stretches into its second year. Investors and analysts have closely watched TD's anti-money-laundering issues, drilling into questions on the matter on quarterly earnings calls and at annual shareholder meetings. The probe prompted TD to terminate its takeover of First Horizon, a deal that would have significantly accelerated TD's strategy in the United States. TD said discussions with three U.S. regulators and the Department of Justice continue, and that it anticipates additional monetary penalties.