FINTRAC outlines stronger oversight and intelligence programs in Canada

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FINTRAC strengthens oversight in Canada

Highlights

FINTRAC produced 7,214 intelligence disclosure packages in 2025–26, covering 1,678,230 transactions and identifying 10,650 subjects of interest, its highest annual total.
FINTRAC issued 35 notices of violation worth over $247 million in 2025–26, an increase of 52% year-over-year and the largest total in its history.
FINTRAC will receive a $37 million resource boost over two years to expand and strengthen oversight of 38,000 businesses under the Act.

Audit response and program changes

As reported by Financial Transactions and Reports Analysis Centre, citing the Financial Transactions and Reports Analysis Centre, FINTRAC is using recommendations from the Office of the Auditor General of Canada and findings from the Financial Action Task Force to strengthen both its supervision framework and its financial intelligence operations.

The Centre says the FATF evaluation recognizes that its financial intelligence supports the operational needs of Canadian law enforcement and national security agencies to a very large extent. It says the evaluation found FINTRAC's intelligence is used in 94% of investigations into money laundering and criminal possession offences.

In 2025–26, FINTRAC produced 7,214 financial intelligence disclosure packages based on 3,007 unique disclosures, the highest annual total in its history. Those disclosures included 1,678,230 financial transactions and identified 10,650 subjects of interest for law enforcement.

FINTRAC says its intelligence contributed to 348 major project-level investigations, alongside many hundreds of other investigations at municipal, provincial and federal levels in Canada and abroad. It also says it has improved disclosure timeliness through changes to its disclosure process and upgrades to analytical tools and systems.

Supervision expansion and enforcement impact

FINTRAC says the Auditor General recognizes that the agency has a formal and well-organized approach to supervision, while the Centre has spent the past year expanding oversight of businesses covered by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

The agency says it has finalized and implemented a new supervision framework to support a risk-based approach. It has also updated risk tools, questionnaires and sector profiles to improve the quality of risk information and deepen its understanding of sector-specific threats and vulnerabilities.

According to FINTRAC, the scope of oversight and supervisory activity has increased significantly, reaching a record number of compliance assessments. When it finds non-compliance with the Act and related regulations, the Centre says it takes firm enforcement action.

In 2025–26, FINTRAC issued 35 notices of violation, up 52% from the previous year, for more than $247 million, the largest total amount in its history. With a $37 million increase in supervisory resources over the next two years, the agency says it will continue strengthening oversight of the 38,000 businesses subject to the Act.

In our earlier article on Malaysia’s tighter oversight of foreign products and e-commerce activity, we covered the government’s plan to improve coordination across ministries to ensure fair competition as digital trade expands. The piece also highlighted work on an e-Commerce Bill and the “Jom Beli Produk Malaysia” initiative, alongside Budget 2027 funding aimed at helping SMEs and rural businesses reach digital platforms and overseas markets.

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