FINTRAC posts record $247m enforcement year as US filings name parties but hide outcomes

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

The week's financial-crime record split along a clean line: Canada put hard numbers on paper while the United States named parties and withheld results. FINTRAC reported its largest enforcement year ever; the Federal Reserve barred a bank employee over customer funds; at least six FINRA awards confirmed only that a proceeding had concluded. This retrospective ranks what binds behaviour against what merely points to it.

• FINTRAC issued 35 notices of violation worth over $247 million in 2025-26, up 52% in number and the largest total in its history.
• FINTRAC revoked 82 money services business registrations, up from 12 the previous year, and disclosed 31 non-compliance cases to law enforcement.
• The Federal Reserve on November 12 executed a consent prohibition against Katilyn M. Robinson, a former United Community Bank employee, over misappropriation of customer funds, with no amount, period or detection stated.
• At least six FINRA arbitration awards named claimants, respondents, panels and dates but did not state the dispute, the sum or the disposition.
• The DOJ indicted Thomas Osbeck, 70, founder of two Haiti-based ministries, using the extraterritorial reach of US law over illicit sexual conduct with minors abroad.

Executive summary

FINTRAC's 2025-26 annual report dominated the week's financial-crime output. The Centre recorded record activity across its core functions: 7,214 financial intelligence disclosure packages from 3,007 unique disclosures, covering 1,678,230 transactions and identifying 10,650 subjects of interest, and 4,874 assessment and…

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.