FinCEN Assesses $80 Million Penalty Against Canaccord Genuity LLC

Published: March 06, 2026  •  7 views  •  Enforcement Actions
Historic civil money penalty assessed against broker-dealer for willful violations of the Bank Secrecy Act.

FinCEN assessed a civil money penalty of $80,000,000 against Canaccord Genuity LLC for willful violations of the Bank Secrecy Act (BSA).

The firm failed to establish and implement an adequate anti-money laundering program and failed to detect and report suspicious transactions.

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