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Canaccord penalized by US FinCEN for anti-money laundering compliance failures

( March 6, 2026, 16:55 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) assessed an $80 million civil money penalty against Canaccord Genuity for widespread compliance failures that included violations of the requirement to implement and maintain an anti-money laundering compliance program that met the requirements of the Bank Secrecy Act, including failures to conduct appropriate risk-based customer due diligence  and to establish and implement internal controls to monitor transactions for suspicious activity.Statement follows below. Document attached....

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