Regulatory Alerts2026-03-06 | 2026-01Added
Consent Order Imposing Civil Money Penalty on Canaccord Genuity LLC
FinCEN imposes a civil money penalty on Canaccord Genuity LLC for willful violations of the Bank Secrecy Act and its implementing regulations. The firm failed to implement and maintain an adequate anti-money laundering program, including unreasonable policies and controls for its high-risk over-the-counter market making business. Canaccord also failed to investigate and report a high volume of suspicious transactions, resulting in the non-filing of at least 160 Suspicious Activity Reports.
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