FINTRAC posts record $247m enforcement year, revokes 82 money services firms

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

Canada's FINTRAC reported its largest-ever enforcement year, with 35 notices of violation worth over $247 million and a sevenfold rise in money services registration revocations. In the United States the week ran heavy on docket metadata: a Federal Reserve prohibition and at least six FINRA arbitration awards named parties and conduct but not outcomes. We rank what mattered and flag where the record stops short of a finding.

• FINTRAC issued 35 notices of violation worth over $247 million in 2025-26, up 52% in number and the largest amount 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 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.
• The DOJ indicted Thomas Osbeck, 70, a Florida missionary, for illicit sexual conduct with minors in Haiti over three decades; he was returned to the US on 14 October 2026 and remains in custody.
• At least six FINRA arbitration awards named claimants, respondents, panels and dates but not the dispute, sum or disposition.

Executive summary

FINTRAC's 2025-26 annual report was the week's most consequential financial-crime disclosure. The Centre issued 7,214 financial intelligence disclosure packages from 3,007 unique disclosures, its highest ever, covering 1,678,230 transactions and identifying 10,650 subjects of interest. It conducted 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.