Language selection


FINTRAC publishes terrorist activity financing indicators in its new Operational Alert

News Release

December 15, 2022, Ottawa Ontario

FINTRAC published today a new Operational Alert, Terrorist Activity Financing, to assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in identifying and reporting suspicious transactions and terrorist property to FINTRAC.

Based on a strategic analysis of the Centre’s financial intelligence disclosures from 2019 to 2022, FINTRAC determined that terrorist activity financing with a Canadian nexus was primarily focused on domestic terrorism, the financing of international terrorist groups and Canadian extremist travellers.

The majority of FINTRAC’s disclosures associated with domestic terrorism, where the target of terrorism was in Canada, were related to ideologically motivated violent extremism and involved lone actors, cross-border networks and organized groups, including entities listed under the Criminal Code. The Centre’s analysis revealed that ideologically motivated violent extremism financing activity included actors located and operating in Canada.

FINTRAC also found that transactions relating to the financing of international terrorist groups consisted primarily of outgoing funds transfers to another country, particularly jurisdictions of concern for terrorist activity financing, and the most frequently identified international terrorist entities were Daesh and Hizballah.

The terrorist activity financing indicators in FINTRAC’s new Operational Alert are meant to be assessed by businesses in combination with what they know about their client and other factors surrounding the transactions to determine if there are reasonable grounds to suspect that a transaction or attempted transaction is related to the commission or attempted commission of a terrorist activity financing offence and should be reported to FINTRAC.

With the reporting received from businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, FINTRAC is able to generate actionable financial intelligence for Canada’s police, law enforcement and national security agencies.


“We are committed to working with our federal partners, law enforcement across the country, Canadian businesses and our international allies to combat the financing of terrorist activities here in Canada and around the world. As the threat from terrorism continues to evolve, it is more important than ever that we follow the money to effectively target these heinous crimes and keep Canadians safe.”

Sarah Paquet, Director and Chief Executive Officer, FINTRAC

Quick Facts

Related Product

Associated Links

– 30 –


Media Relations
Financial Transactions and Reports Analysis Centre of Canada

Follow us on
Twitter: @FINTRAC_Canada
LinkedIn: FINTRAC Canada|CANAFE Canada
YouTube: FINTRAC Canada

Date Modified: