FINTRAC publishes its 2025–26 Annual Report, Safe Canadians, Secure Economy

News release

October 26, 2026 — Ottawa

FINTRAC today published its 2025–26 Annual Report, Safe Canadians, Secure Economy, which describes the significant impact the Centre is having in helping to protect the safety of Canadians, particularly Canada’s most vulnerable citizens and communities, and the integrity of Canada’s financial system.

Over the past year, FINTRAC made critical contributions to broader national priorities centred on fighting financial crime and protecting vulnerable Canadians. This includes playing a central role in supporting the Government of Canada’s focus on targeting and disrupting extortion, a serious criminal activity that threatens Canadians and Canadian businesses and generates substantial profits for organized crime. The Centre generated 122 financial intelligence disclosures in support of police investigations of extortion across Canada. These disclosures identified 336 subjects of interest and provided police with detailed intelligence on criminal networks, financial flows and emerging extortion methods used by organized crime groups.

Throughout 2025–26, FINTRAC’s financial intelligence also supported money laundering investigations linked to illegal fentanyl trafficking, fraud, human trafficking, auto theft and other criminal activities. In total, the Centre generated 7,214 financial intelligence disclosure packages, based on 3,007 unique disclosures last year, the largest number of disclosures that FINTRAC has produced in a single year. These disclosures contained 1,678,230 financial transactions and identified 10,650 subjects of interest for law enforcement.

FINTRAC’s financial intelligence contributed to 348 complex, resource intensive (project level) investigations and many hundreds of other individual investigations at the municipal, provincial and federal levels across the country, and internationally.

FINTRAC also helped safeguard Canada’s financial system and economy last year by ensuring that businesses comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations. The Centre undertook 4,874 assessment and monitoring activities last year, a record number of activities that included hundreds of targeted and full scope compliance examinations.

When FINTRAC found non-compliance with the Act and associated Regulations, the Centre took firm action. Last year, FINTRAC issued 35 notices of violation, up 52% from the previous year, for more than $247 million, by far the largest amount in FINTRAC’s history. The Centre also disclosed 31 cases of non-compliance to law enforcement for potential criminal investigation.

Quote

“By working with businesses, following the money and leveraging the power of financial intelligence, we are helping to target, disrupt and dismantle the organized criminal networks that profit from extortion, drug trafficking, fraud, auto theft, human trafficking and other illicit activities. A recent international evaluation found that our high-quality financial intelligence is valued by law enforcement and used in 94% of their investigations into money laundering and criminal possession offences. At the same time, our record number of supervisory activities and enforcement actions are ensuring that business fulfill their obligations, which is key in protecting Canada’s financial system from abuse by organized crime groups.”

Quick facts

• As Canada’s financial intelligence unit and anti-money laundering and anti-terrorist financing supervisor, FINTRAC ensures the compliance of more than 38,000 businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and generates actionable financial intelligence for Canada’s law enforcement, national security agencies and international partners.
• The recent Financial Action Task Force (FATF) evaluation of Canada recognized that FINTRAC’s financial intelligence is, to a very large extent, supporting the operational needs of Canada’s law enforcement and national security agencies. The evaluation found that the Centre generates high-quality financial intelligence that is valued by law enforcement and used in 94% of their investigations into money laundering and criminal possession offences.
• Thirty-eight percent (38%) of FINTRAC’s financial intelligence disclosures last year were provided proactively to Canada’s law enforcement and national security agencies, an increase of 15% from the previous year and on par with historic numbers.
• The Centre provided 225 unique disclosures to foreign financial intelligence units in relation to money laundering, terrorist financing and sanctions evasion. Ninety-five percent (95%) of the feedback received from these foreign financial intelligence units indicated that they were satisfied with FINTRAC’s financial intelligence disclosures.
• FINTRAC participated in Maple Disruption 2025, a cross-sector initiative aimed at disrupting or degrading key enablers that fraudsters and cybercriminals rely on to commit their crimes. Over 25 partner organizations worked together to identify instances of suspected fraud and coordinated 3,021 disruptive actions against fraud enablers, including shutting down malicious email accounts; blocking malicious phone numbers; taking phishing websites down; and blocklisting criminal cryptocurrency addresses linked to fraud.
• FINTRAC worked closely with the Financial Crimes Enforcement Network (FinCEN) in the United States and the Unidad de Inteligencia Financiera in Mexico through the North American Drug Dialogue Illicit Financing Working Group, exchanging over 20 financial intelligence disclosures related to illegal fentanyl and other synthetic opioids.
• FINTRAC worked with businesses to help them understand their obligations, including providing new and updated guidance, hosting webinars and Industry Days, undertaking a targeted outreach and engagement, and responding to nearly 22,000 enquiries from businesses, associations and stakeholders.
• FINTRAC revoked the registrations of 82 money services businesses, up from 12 the previous year.
• The Centre has taken extensive action in recent years to strengthen its supervision of businesses subject to the Act, including finalizing and implementing a new Supervision Framework and enhancing its risk tools, questionnaires and sector profiles to improve the quality of risk information and deepen its understanding of sector-specific threats and vulnerabilities.
• FINTRAC generated 17 strategic financial intelligence assessments, reports and targeted indicator profiles on a range of specific money laundering, terrorist financing and sanctions evasion trends, typologies and mechanisms. The recent FATF evaluation found the Centre’s strategic intelligence products are a significant input to Canada's understanding of money laundering and terrorist financing risks, have demonstrable influence on national strategies and policies, and have a high impact, leading to important changes of approach by both public and private sector partners.

Related product

• 2025–26 Annual Report, Safe Canadians, Secure Economy

Contacts

Media Relations
Financial Transactions and Reports Analysis Centre of Canada
613-716-9983
media.medias@fintrac-canafe.gc.ca

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