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Record $80 Million: FinCEN's Largest-Ever Broker-Dealer BSA Penalty Lands on Canaccord Genuity for AML Failures
FinCEN, the SEC, and FINRA simultaneously resolved action against Canaccord Genuity LLC — totalling $120 million — for willful Bank Secrecy Act violations spanning six years. At least 160 suspicious activity reports were never filed.