FinCEN has issued a consent order against Canaccord Genuity LLC (Case Number 2026-01) for violations of the Bank Secrecy Act (BSA). The order details deficiencies in Canaccord Genuity's Anti-Money Laundering (AML) program, specifically related to suspicious activity reporting and risk assessment. The action includes a financial penalty, though the specific amount is detailed in the linked PDF.

This enforcement action requires Canaccord Genuity LLC to implement remedial measures to strengthen its AML compliance program. Other financial institutions, particularly broker-dealers and investment advisers, should review their own BSA/AML compliance programs to ensure they adequately address risks associated with their business activities. Failure to comply with BSA requirements can result in significant penalties, including fines and reputational damage.