Zenoo Compliance Brief
FinCEN hits Canaccord Genuity with record $80m AML fine
Plus, EBA hands AML supervision to new EU AMLA, OFAC designates two Iranian nationals to SDN list, and Compliagence launches AI-native platform globally.
23 February 2026 · 4 min read
Canaccord Genuity is facing the largest AML penalty ever levied against a broker-dealer. FinCEN found the firm willfully failed to monitor high-risk OTC market-making activity and buried around 150 suspicious transactions without filing SARs. Today we're also tracking a significant shift in EU regulatory architecture, fresh sanctions designations, and a new compliance software launch. Worth your attention.
In today's brief
- 1 Why a broker-dealer's missing 150 SARs just cost the industry its biggest AML penalty
- 2 Will AMLA's unified rulebook and tighter CDD thresholds force your institution to reset customer baseline data?
- 3 Does your Iran screening capture individuals added to OFAC's SDN list on May 1?
- 4 Can AI-native compliance platforms reduce manual audit prep across regulated sectors?
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