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FINTRAC's 2025–26 Annual Report, Safe Canadians, Secure Economy, marks the year Canada's financial intelligence unit stopped warning and started enforcing at scale. Released on October 26, 2026, it covers April 1, 2025 to March 31, 2026, and practically every headline number is a record. For compliance officers, the message is plain. Canada's AML regime has moved from a guidance-led culture to a consequence-led one. Penalties are larger, examinations are more targeted, and FI

On September 24, 2026, FINTRAC announced administrative monetary penalties (AMPs) against four credit unions: Caisse populaire acadienne ltée (Caraquet, NB), Pathwise Credit Union (Oshawa, ON), Your Neighbourhood Credit Union Limited (Kitchener, ON), and Caisse populaire Alliance limitée (North Bay, ON). The penalties total $816,750. Each was imposed after a compliance examination under Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA),

On February 19, 2026, Minister of Finance and National Revenue François-Philippe Champagne announced the Countering Extortion Partnership, a coordinated federal response to organized extortion disproportionately affecting South Asian communities in Ontario, British Columbia, and Alberta. FINTRAC's contribution is Operation TAPEX (Timely Analysis of Proceeds from Extortion), which provides the initiative's analytical backbone. The threat is organized and sophisticated. The Bis

We are pleased to announce that Money Laundering in Canada will be taking place September 21-22, 2026 in Ottawa, Ontario, Canada.