Earlier this month, broker-dealer Canaccord Genuity paid a record $80 million civil penalty to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) unit for alleged “willful violations of the Bank Secrecy Act (BSA)” that involved money laundering and terrorism financing. The penalty — the largest ever imposed against a broker-dealer for violating… Read More >>
Plenitude Consulting Acquires Contineo
Plenitude Consulting, a financial crime risk and compliance company, intends to strengthen its advisory and data analytics offerings with the acquisition of Contineo Financial Risk Solutions Ltd., a specialist financial crime compliance (FCC) provider, officials say. Plenitude Consulting, based in London, is not disclosing the financial details of its acquisition. However, the company will be… Read More >>
