Canaccord Genuity pays Can$544,500 for reporting, CDD, risk assessment breaches

Securities dealer Canaccord Genuity Corp. has been ordered to pay Can$544,500 (US$397,465) after FINTRAC, the Canadian financial intelligence unit, found it had committed four violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act during a 2023 examination.

Securities dealer Canaccord Genuity Corp. has been ordered to pay Can$544,500 (US$397,465) after FINTRAC, the Canadian financial intelligence unit, found it had committed four violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act during a 2023 examination.