The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published its 2025–26 results, reporting record financial intelligence production and administrative monetary penalties. Supervisory activity concentrated on money services businesses, reflecting the sector’s very high vulnerability to money laundering and terrorist financing, while intelligence supported investigations into offences including extortion, illegal fentanyl trafficking and fraud. FINTRAC produced 7,214 disclosure packages comprising 3,007 unique disclosures and covering 1.68 million financial transactions. Its intelligence supported 348 major investigations, alongside hundreds of individual investigations in Canada and abroad. Some 38% of disclosures were provided proactively to law enforcement and national security partners to help identify previously unknown individuals, criminal networks and threats. A recent Financial Action Task Force evaluation found its intelligence substantially effective in supporting investigations, with law enforcement using it in 94% of money laundering and criminal possession investigations. FINTRAC conducted 4,874 assessment and monitoring activities, more than 55% focused on money services businesses. It revoked 82 registrations in that sector, up from 12 the previous year, and disclosed 31 cases of potentially criminal noncompliance to law enforcement, including 28 involving money services businesses. Across regulated sectors, 35 notices of violation carried more than CAD 247 million in penalties, compared with CAD 25 million the previous year. The total included the previously imposed CAD 176 million penalty against Xeltox Enterprises Ltd., operating as Cryptomus, for violations including failures to report suspicious transactions. During 2025–26, FINTRAC also introduced a Supervisory Framework that strengthened supervision focused on the greatest money laundering and terrorist financing risks.

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