Canada Border Services Agency fines Ontario business owner with $36.9M for undeclared vehicle exports to West Africa, underscoring strict enforcement of export laws and protection of trade integrity

by | Dec 8, 2025

CBSA’s investigation found that between 2017 and 2022 the individual exported more than 3,700 vehicles without the required reporting under the Customs Act, allowing the shipments to evade regulatory scrutiny and posing significant risks to supply-chain integrity and...

FINTRAC publishes Operational Alert, Laundering the Proceeds of Online Child Sexual Exploitation, introducing new indicators to help businesses detect and report financial transactions linked to OCSE

by | Nov 27, 2025

By tracing financial flows, FINTRAC generates actionable intelligence that aids law enforcement in Canada and internationally to identify and target perpetrators. The Alert updates FINTRAC’s December 2020 strategic intelligence, reflecting new indicators based on...

FINTRAC’s P2P Information Sharing guidance allows reporting entities to share personal data without consent under an approved code of practice to enhance ML/TF and sanctions-evasion detection 

by | Nov 3, 2025

This information sharing is governed by an approved code of practice, submitted to FINTRAC and the Privacy Commissioner, which sets out the types of data that can be shared, secure methods for transmission, and safeguards including access controls, encryption, breach...

FINTRAC’s 2024–25 Annual report highlights record financial intelligence disclosures, major drug and crime seizures, risk-based regulatory actions, and cutting-edge AI and global collaboration to combat FC

by | Oct 30, 2025

FINTRAC’s Annual Report 2024 – 25: Safe Canadians, Secure Economy details the agency’s expanded contribution to federal efforts targeting the illicit-opioid crisis, including over 100 actionable law-enforcement disclosures between November 2024 and March 2025 related...

FINTRAC fines Xeltox Enterprises CAD $176.9M for widespread AML violations, including failure to report suspicious and large virtual-currency transactions linked to high-risk and illicit activities

by | Oct 22, 2025

The Company failed to submit 1,068 suspicious transaction reports and 1,518 large virtual currency transaction reports, neglected to maintain written compliance policies, conduct risk assessments, notify FINTRAC of changes in prescribed information, and comply with a...