FINTRAC results by the numbers 2025–26

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• Intelligence
• Supervision

Intelligence

Record financial intelligence production in 2025-26, providing strong support for investigations targeting money laundering, terrorist financing, sanctions evasion and threats to Canada's security, as well as other offences such as extortion, fraud, illegal fentanyl and human trafficking.

Record intelligence production

Highest annual disclosure volume in FINTRAC history

7,214 disclosure packages

3,007 unique disclosures

1.68 million financial transactions in disclosures to law enforcement

Supporting investigations

Recent FATF evaluation found that FINTRAC's financial intelligence was substantially effective in supporting investigations – law enforcement used the Centre's financial intelligence in 94% of their money laundering and criminal possession investigations

Extortion

• 122 disclosures
• $1.6B in financial flows
• 75,204 transactions
• 336 subjects identified

Illegal fentanyl

• 268 disclosures
• 1,051 subjects identified
• 40+ project-level investigations supported

Fraud

• 31%+ of disclosures identified fraud as the predicate offence

Auto theft

• 27 disclosures
• 90 subjects identified

Measuring impact

• 348 major project-level investigations supported, along with hundreds of other individual investigations across Canada and around the world
• 38% of disclosures were provided proactively to law enforcement and national security partners, helping identify previously unknown individuals, criminal networks, and threats

Financial intelligence in action

• In September 2025, FINTRAC's financial intelligence was recognized by the Alberta Law Enforcement Response Teams (ALERT) in relation to Project Cerberus, a major cross-border drug trafficking investigation. The operation led to charges against five individuals for organized crime, conspiracy, money laundering and drug-related offences. ALERT also seized 157 kilograms of cocaine, nearly $1 million in cash, 15 firearms and seven vehicles equipped for drug smuggling.
• In December 2025, FINTRAC contributed to Maple Disruption 2025, a cross-sector initiative involving more than 25 partner organizations to disrupt fraud and cybercrime enablers. The operation resulted in 3,021 disruptive actions, including shutting down malicious email accounts, blocking fraudulent phone numbers, removing phishing websites, flagging suspicious transactions and blocklisting criminal cryptocurrency addresses linked to fraud.

Voluntary information records

Law enforcement, national security agencies and the public remained a key source of valuable intelligence.

2,508 voluntary information records received

• 10% increase over the previous year
• FINTRAC processed urgent voluntary information records on a priority basis

Project highlights

Financial intelligence allows FINTRAC to target priority threats, support investigations, and help disrupt criminal activity while protecting Canada's financial system and security.

At a glance

• 7,214 disclosure packages
• 3,007 unique disclosures
• 1.68M financial transactions included in disclosures
• 38% proactive disclosures
• 348 major investigations supported
• 2,508 voluntary information records received
• 10% annual increase in voluntary information records

Supervision

In 2025–26, FINTRAC's assessment and monitoring activities were aligned with national risk priorities, including in relation to combatting extortion, illegal fentanyl and fraud. Collectively, FINTRAC's assessment activities contributed to broader national efforts to target and disrupt risks to Canadians and Canada's financial system.

Strengthening compliance across Canada

4,874 assessment and monitoring activities

Including:

• Self-attestations
• Risk questionnaires
• Examinations
• Information demands
• Compliance monitoring
• Non-compliance remediation

Risk assessment activities

812 Self-attestations processed

984 Risk questionnaires completed

294 Voluntary self-declarations of non-compliance received

Examinations

625 targeted examinations, including on:

• 433 money services businesses (MSBs)
• 129 financial entities
• 26 casinos

89 Full-scope examinations

Top sectors:

• Precious metals and stones (34)
• Real estate (29)
• Mortgage brokers (9)

Focus on money services businesses (MSBs)

55%+ of all assessment activities focused on MSBs, reflecting the sector's very high vulnerability to money laundering and terrorist financing.

Activities included:

• Traditional MSB examinations
• Crowdfunding platform reviews
• Payment service provider assessments
• Virtual asset service provider information demands

MSB registration revocations

82 MSB registrations revoked, up from 12 the previous year

Regulatory impact: Supporting Canada's largest cryptocurrency seizure

• In September 2025, the RCMP Money Laundering Investigative Team seized more than $56 million in cryptocurrency – the largest crypto seizure in Canadian history. The investigation found that a business involved failed to register with FINTRAC as a money services business. The cryptocurrency exchange platform was dismantled by Canadian law enforcement.

9 MSBs penalized

• $198M+ in penalties
• Violations included failure to register, reporting failures, and compliance program deficiencies

Record administrative monetary penalties

35 notices of violation

• 52% increase over the previous year
• $247M+ total penalties issued

Largest penalty amount in FINTRAC history

Most-penalized sectors:

• Financial entities (12)
• MSBs (8)
• Casinos (5)
• Real estate (5)

Enforcing compliance

Holding non-compliant businesses accountable

• In October 2025, FINTRAC imposed a $176 million penalty, the largest penalty in its history, on Xeltox Enterprises Ltd. (operating as Cryptomus), a money services business providing virtual currency services to Canadians. Among other violations, the Centre found that the business failed to submit suspicious transaction reports where there were reasonable grounds to suspect that they were related to trafficking in child sexual abuse material, fraud, ransomware payments and sanctions evasion.

Supporting investigations into potentially criminal non-compliance under the PCMLTFA

• 31 cases of non-compliance disclosed to law enforcement
• 28 involved money services businesses

Strengthening FINTRAC's supervision program

FINTRAC continued to strengthen its supervision program to ensure compliance with Canada's anti-money laundering and anti-terrorist financing requirements. Through enhanced risk-based oversight, outreach, and enforcement activities, the Centre worked to improve reporting quality, encourage compliance across regulated sectors, and address emerging risks in Canada's financial system.

Key highlights:

• Introduced a new Supervisory Framework that included enhanced risk-based supervisory activities to focus on areas of greatest money laundering and terrorist financing risk
• Improved tools and analytical approaches to support more effective supervision and compliance outcomes
• Increased engagement with reporting entities through guidance, outreach, and compliance support
• Leveraged examinations and enforcement to address significant non-compliance

At a glance

• 4,874 assessment and monitoring activities
• 812 self-attestations processed
• 984 risk questionnaires administered
• 625 targeted examinations and information demands
• 89 full-scope examinations
• 55%+ of activities focused on MSBs
• 82 MSB registrations revoked
• $198M+ in MSB penalties
• 35 notices of violation
• $247M+ total penalties issued
• 31 cases disclosed to law enforcement