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

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

Canada's financial intelligence unit published an annual report with numbers compliance teams can act on, while the week's US enforcement named parties and conduct but withheld the figures beneath them. We rank what was designated, who was barred, and which control each case points to, and flag the registration lever that matters most for smaller firms.

• 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, over illicit sexual conduct with minors in Haiti, using the extraterritorial reach of US law.
• At least six FINRA arbitration awards named claimants, respondents, panels and dates but not the disposition.

Executive summary

FINTRAC's 2025-26 annual report was the week's most consequential financial crime publication. 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…

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.