Regulatory Alerts2025-10-30
FINTRAC 2024–25 Annual Report: Safe Canadians, Secure Economy
FINTRAC, Canada’s financial intelligence unit and anti-money laundering supervisor, published its 2024–25 Annual Report detailing record-breaking enforcement actions and intelligence generation to combat organized crime and protect the financial system. The Centre generated over 6,200 financial intelligence disclosure packages supporting more than 200 complex investigations into fraud, illicit opioids, human trafficking, and auto theft, while issuing a historic 23 notices of violation totaling over $25 million and referring 32 non-compliance cases to law enforcement. Through enhanced supervision of over 38,000 regulated businesses and the publication of strategic alerts on sanctions evasion and virtual currency risks, FINTRAC continues to disrupt illicit financial networks domestically and internationally.