# FINTRAC enforcement of Canadian money services businesses

> Developing situation record from CLSTR: https://clstr.news/situations/fintrac-enforcement-of-canadian-money-services-businesses
> Updated: 2026-10-26T18:47:00.000Z. Sources: 2. Developments: 2.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has intensified its regulatory oversight and enforcement actions within the money services sector. 

During the 2025-26 period, the agency revoked the registrations of 82 money services businesses, a significant increase compared to the 12 revocations recorded in the previous year. FINTRAC reported that these actions were part of a strategic effort to mitigate risks related to terrorist financing and money laundering, specifically targeting non-compliance and illicit cryptocurrency activities.

## Timeline

### 2026-10-26: FINTRAC increases enforcement against Canadian money services businesses

Canada's financial intelligence agency, FINTRAC, revoked 82 money services business registrations in 2025-26, up from 12 the previous year, to combat money laundering and terrorist financing risks.

2 sources. https://clstr.news/cluster/fintrac-increases-enforcement-against-canadian-money-services-businesses

### 2026-09-28: Canadian FINTRAC-registered Money Services Business for sale

A dormant Canadian Money Services Business registered with FINTRAC is for sale, offering permissions for crypto trading, remittance, and foreign exchange without existing clients or debt.

2 sources. https://clstr.news/cluster/canadian-fintrac-registered-money-services-business-for-sale

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Cite as: FINTRAC enforcement of Canadian money services businesses. CLSTR, https://clstr.news/situations/fintrac-enforcement-of-canadian-money-services-businesses