FINTRAC posts record $247m year as money services revocations jump to 82

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

A quiet week for sanctions and AML enforcement, but Canada's FINTRAC supplied the one number worth reorganising a compliance calendar around. Its annual report records a record penalty year and a sevenfold rise in money services registration cancellations. Alongside it, the Federal Reserve barred a former bank employee over customer funds, and a stack of US arbitration dockets named parties without stating any finding.

• FINTRAC issued 35 notices of violation worth over $247 million in 2025-26, up 52% and the largest in its history.
• FINTRAC revoked 82 money services business registrations, up from 12 the prior year, and disclosed 31 non-compliance cases to law enforcement.
• The Federal Reserve executed a consent prohibition on November 12 against Katilyn M. Robinson, a former United Community Bank employee, over misappropriation of customer funds.
• FINRA arbitration dockets named parties, panels and dates but withheld the claim, sum and disposition, which sit only in the award documents.
• FINTRAC's figures bind the more than 38,000 businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Executive summary

The dominant financial crime disclosure of the week came from Canada. FINTRAC's 2025-26 annual report records output at record levels 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…

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.