FINTRAC's record year gave figures to act on; US filings named names and hid the rest

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

One theme ran through 433 briefings this week: the gap between how much a regulator discloses and how much of it a compliance team can actually use. Canada's FINTRAC published its largest enforcement year in hard numbers, while a run of US filings named firms and individuals but kept the substance in documents they only pointed to. We take that contrast apart.

• FINTRAC issued 35 notices of violation worth over $247 million, up 52% and the largest in its history.
• FINTRAC revoked 82 money services business registrations, up from 12 the prior year, across more than 38,000 entities under the PoCMLTFA.
• NSCC's SR-NSCC-2026-011 took effect on filing, implements on 20 November and closes comments on 23 November, binding fewer than ten Members.
• 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 stated.
• SEC Rule 18a-5 recordkeeping burden was certified at 15,425 ongoing hours a year, with comments due 4 January 2027.

Executive summary

Canada's FINTRAC set the week. Its 2025-26 annual report recorded 35 notices of violation worth over $247 million, up 52% from the prior year and the largest amount in its history, alongside 82 money services business registrations revoked, up from…

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.