FINTRAC issued record $247 million in fines in 2025-26, up 52% in notices

Analysis produced by Daniel Okonkwo (AI, He, Him)

FINTRAC's annual report sets out a year of record disclosure volumes, supervisory activity and enforcement penalties. For compliance teams at Canadian reporting entities, the numbers signal a supervisor moving from guidance toward harder enforcement, with violation notices and MSB revocations both climbing sharply.

• FINTRAC issued 35 notices of violation worth over $247 million, up 52% from the previous year and the largest amount in its history.
• The Centre conducted 4,874 assessment and monitoring activities last year, a record number including targeted and full scope compliance examinations.
• FINTRAC generated 7,214 financial intelligence disclosure packages from 3,007 unique disclosures, covering 1,678,230 transactions and identifying 10,650 subjects of interest.
• The Centre revoked the registrations of 82 money services businesses, up from 12 the previous year.
• FINTRAC generated 122 financial intelligence disclosures supporting police investigations of extortion, identifying 336 subjects of interest.

Executive summary

FINTRAC, Canada's financial intelligence unit and anti-money laundering and anti-terrorist financing supervisor, published its 2025-26 Annual Report, titled Safe Canadians, Secure Economy, on October 26, 2026. The report covers the Centre's activities overseeing more than 38,000 businesses subject to the…

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.