FINTRAC revokes 82 money services firms as US filings name parties but hide outcomes

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

The week split cleanly between disclosures that carried a figure a compliance officer could act on and those that named firms and individuals while withholding the outcome. FINTRAC's record annual report leads, with a sevenfold jump in money services revocations that binds more than 38,000 Canadian reporting entities. A cluster of US filings, from FINRA arbitration awards to a Fed prohibition and a clearing migration, reward reading what each is silent about.

• FINTRAC's 2025-26 annual report recorded 35 notices of violation worth over $247 million, up 52%, and revoked 82 money services business registrations, up from 12 a year earlier.
• The FINTRAC figures apply to the more than 38,000 businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, and carry no breakdown by sector or firm size.
• FINRA posted multiple arbitration awards naming firms and individuals but no dispositions, and the Federal Reserve barred former United Community Bank employee Katilyn M. Robinson without stating an amount.
• NSCC's self-effectuating filing SR-NSCC-2026-011 implements on November 20, 2026, three days before comments close on November 23.
• Paperwork Reduction Act comment windows close December 29, 2026 for the CDFI Fund collection and January 4, 2027 for SEC Rule 18a-5.

Executive summary

FINTRAC's 2025-26 annual report was the week's most consequential disclosure. 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, and conducted 4,874 assessment and monitoring activities, a record.…

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.