Zenoo Compliance Brief
FinCEN fines Canaccord Genuity $80m for AML programme failures
Plus, judge imposes $330m fine and 12-year sentence, regulators propose enhanced AML/CFT requirements, and MoneyGram hit with €1.3m penalty.
26 February 2026 · 4 min read
FinCEN has landed an $80 million penalty on Canaccord Genuity for willful AML programme deficiencies, including unreviewed surveillance reports on suspicious trading. The enforcement action, coordinated with the SEC and FINRA, signals regulators won't tolerate gaps in suspicious activity monitoring. Elsewhere, a federal judge has handed down a $330 million fine and 12-year prison sentence in a separate case, US banking regulators have proposed tougher AML/CFT requirements, and MoneyGram faces a €1.3 million fine in the EU.
In today's brief
- 1 What does FinCEN's $80m Canaccord penalty signal about surveillance report oversight gaps?
- 2 When does a technology company front become an AML prosecution trigger worth $330 million?
- 3 Do your current AML programs meet the FDIC, OCC, and NCUA's new baseline requirements?
- 4 Does MoneyGram's EU penalty signal tighter scrutiny of remittance sector AML compliance?
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