Regulators continue to focus on AML programs that exist on paper but fail in practice, particularly in higher-risk trading environments such as microcap and over-the-counter markets.<\/p>\n\n\n\n
On March 6, 2026,\u00a0Financial Crimes Enforcement Network, the\u00a0U.S. Securities and Exchange Commission, and\u00a0Financial Industry Regulatory Authority\u00a0brought coordinated enforcement actions against\u00a0Canaccord Genuity LLC\u00a0arising from significant anti-money laundering failures tied to its over-the-counter trading business.<\/p>\n\n\n\n
The coordinated resolutions resulted in a $80 million total monetary settlement, including amounts payable to the SEC and FINRA. FinCEN also required additional remedial undertakings, including independent consultant review work.<\/p>\n\n\n\n
To help you make sense of what this means for you and your clients, read the full article from our friends at SEC3<\/sup><\/a> here<\/a>.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Regulators continue to focus on AML programs that exist on paper but fail in practice, particularly in higher-risk trading environments such as microcap and over-the-counter markets. On March 6, 2026,\u00a0Financial Crimes Enforcement Network, the\u00a0U.S. Securities and Exchange Commission, and\u00a0Financial Industry Regulatory Authority\u00a0brought coordinated enforcement actions against\u00a0Canaccord Genuity LLC\u00a0arising from significant anti-money laundering failures tied to … Continue reading Coordinated $80 Million AML Enforcement Action Highlights Breakdown Between Policy and Practice<\/span>