FINTRAC posts record $247m year as US filings name parties but hide the facts

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

Five things from the week of 9 November a compliance officer has to act on, ranked. Canada's FINTRAC reported its largest-ever enforcement year and a sevenfold jump in money services revocations. The US produced a single binding deadline, a clearing migration that goes live before anyone can object, and a run of disclosures that named conduct and parties while withholding the figures teams actually need.

• FINTRAC issued 35 notices of violation worth over $247 million in 2025-26, up 52% and its largest ever, and revoked 82 money services business registrations against 12 the prior year.
• NSCC's self-effectuating SR-NSCC-2026-011 took effect on filing, implements on 20 November and closes comments on 23 November, binding fewer than ten Members already on the I&RS system.
• Paperwork Reduction Act comment windows close 29 December 2026 for the CDFI Fund and CFPB collections and 4 January 2027 for SEC Rule 18a-5, certified at 15,425 ongoing hours.
• At least six FINRA arbitration awards named claimants, respondents, panels and dates but did not state the dispositions.
• The Federal Reserve executed a consent prohibition against Katilyn M. Robinson, a former United Community Bank employee, over misappropriation of customer funds, disclosing no amount, period or detection.

Executive summary

FINTRAC's 2025-26 annual report was the week's most consequential item. The Centre issued 7,214 financial intelligence disclosure packages from 3,007 unique disclosures, covering 1,678,230 transactions and identifying 10,650 subjects of interest. It conducted 4,874 assessment and monitoring activities and issued…

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.