FINTRAC's record year gave figures to act on; US filings named but withheld outcomes

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

Of 433 briefings this week, the ones worth sitting with split not by jurisdiction but by whether the disclosure carried a number a compliance team could actually use. FINTRAC's annual report was dense with actionable figures. The week's US output, a cluster of FINRA arbitration awards, a Fed bar and a self-effectuating clearing rule, named parties and set deadlines while withholding the substance behind them.

• 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, up from 12 the prior year.
• FINRA published arbitration awards naming Lek Securities, Wells Fargo Clearing, Independent Financial Group, Steward Partners and a Northwestern Mutual unit, none of which stated the claim, the sum or the disposition.
• The Federal Reserve executed a consent prohibition against Katilyn M. Robinson, a former United Community Bank employee, over misappropriation of customer funds, giving no amount or time period.
• NSCC's self-effectuating filing SR-NSCC-2026-011 implemented on 20 November, three days before comments closed on 23 November, binding fewer than ten Members.
• Year-end Paperwork Reduction Act windows follow: CDFI Fund forms at 1,671 hours close 29 December and SEC Rule 18a-5 at 15,425 ongoing hours closes 4 January 2027.

Executive summary

FINTRAC's 2025-26 annual report was the most consequential item of the week. The Centre recorded record output 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; 4,874…

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.