FINTRAC

What FINTRAC does

FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), also known by its French acronym CANAFE, is Canada's federal financial intelligence unit. Established under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and headquartered in Ottawa, the agency is a statutory body operating under the Department of Finance Canada with 251-500 employees. FINTRAC collects, analyzes, and discloses financial transaction reports from reporting entities — including banks, money services businesses, casinos, and cryptocurrency firms — to generate actionable intelligence for Canadian law enforcement and national security agencies. The agency is led by Director and Chief Executive Officer Sarah Paquet and operates bilingually in English and French.\n\nThe agency's core function is regulatory oversight and intelligence generation rather than commercial product delivery. Its operational outputs include financial intelligence disclosures to law enforcement, public bulletins and special alerts with transaction indicators, compliance guidance for reporting entities, and enforcement actions including administrative monetary penalties (AMPs) and registration revocations. In 2024-25 the agency produced 316 disclosures supporting 26 project-level investigations into human trafficking and money laundering, and in early 2026 generated over 100 disclosures related to extortion that identified more than 300 subjects and 63,000 linked transactions. In October 2025 FINTRAC imposed a record CAD $176.9 million penalty on the virtual currency business Cryptomus and issued 20 AMPs totaling over $200 million for the year, alongside 43 cryptocurrency firm registration revocations for compliance failures.\n\nFINTRAC is a public-sector institution funded through federal appropriations and reports to Parliament through the Department of Finance. It does not sell products or services commercially and has no private shareholders. Its mandate is currently undergoing structural change: the Government of Canada has announced creation of a new Financial Crimes Agency (FCA) that will assume investigative and prosecutorial powers currently fragmented across FINTRAC and the RCMP, consolidating anti-money laundering authority into a single new entity.

Name

FINTRAC

Legal name

Financial Transactions and Reports Analysis Centre of Canada

Website

https://fintrac-canafe.gc.ca

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

FINTRAC is Canada's federal financial intelligence unit, established under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It analyzes financial transaction reports from banks, money services businesses, and crypto firms to produce intelligence disclosures for Canadian law enforcement and national security agencies.

Ownership category

akta.pro rank

Product category

Financial Intelligence / Anti-Money Laundering Regulation

SIC

Finance Services (6199)

akta.pro primary industry

AML/CTF Transaction Monitoring & Case Management (FSAGAFAC)

akta.pro secondary industries

Regulatory Reporting & Recordkeeping (AML/CTF) (FSAMAMAG), Case Management, Investigations & SAR/STR Filing (FSAMAMAF)

Keywords

• Anti-money laundering
• Financial intelligence
• AML compliance
• Counter-terrorist financing
• Regulatory reporting

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Core offering

FINTRAC is Canada's federal financial intelligence unit that receives and analyzes reports of financial transactions submitted by reporting entities (banks, credit unions, life insurers, securities dealers, money services businesses, real estate brokers, casinos, etc.) to combat money laundering, terrorist financing, and proliferation financing. The agency disseminates actionable financial intelligence disclosures to law enforcement and national security partners, conducts compliance examinations of reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), and issues operational alerts and typology reports to support the private sector in identifying suspicious activity.

Product overview

FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) is Canada's financial intelligence agency responsible for facilitating the detection, prevention, and deterrence of money laundering and terrorist financing. As a government regulatory body, FINTRAC collects and analyzes financial transaction reports from reporting entities, issues bulletins and special alerts to businesses and law enforcement, and generates financial intelligence disclosures supporting law enforcement investigations. FINTRAC does not offer a consumer-facing product platform; its primary function is regulatory oversight and intelligence generation for law enforcement agencies.

Differentiator

Problem solved

Functional benefit

Products and services

• F2R (FINTRAC Reporting) Electronic Reporting System
• Financial Intelligence Disclosures to Law Enforcement
• PCMLTFA Compliance Examinations
• Operational Alerts and AML/CFT Typology Reports
• International FIU-to-FIU Cooperation

Quantifiable outcome

• 316 financial intelligence disclosures made to law enforcement in 2024-25 supporting 26 project-level investigations
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Royal Canadian Mounted Police (RCMP)coreImplementation/ SI/ Consulting Partner · 30 April 2026RCMP is a key law enforcement partner receiving FINTRAC's financial intelligence disclosures. Both organizations have faced criticism for insufficient resources and political will in addressing financial crimes. The new Financial Crimes Agency will consolidate powers currently fragmented across FINTRAC and RCMP.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• STRO / Suspicious Transaction Reporting Office (Singapore): STRO is Singapore's financial intelligence unit within the Singapore Police Force, receiving and analyzing suspicious transaction reports under the Corruption, Drug Trafficking and Other Serious Crimes Act. It shares FINTRAC's mandate in a comparable regulatory and institutional setting.
• Finnish FIU / German Zentralstelle für Finanztransaktionsuntersuchungen: The German FIU (FIU Germany), operating under the Federal Criminal Police Office / Bafin, performs AML/CTF case management, receives suspicious activity reports, and analyzes financial intelligence for law enforcement referrals - a direct peer in a major Western European jurisdiction.
• AUSTRAC (Australian Transaction Reports and Analysis Centre): AUSTRAC is Australia's FIU, operating under the Anti-Money Laundering and Counter-Terrorism Financing Act. It collects transaction reports, issues compliance guidance, and enforces administrative penalties against reporting entities, mirroring FINTRAC's mandate and operating model.
• Tracfin (France): Tracfin is France's financial intelligence unit, attached to the Ministry of Economy, which collects and analyzes financial transaction reports (declarations de soupçon) and disseminates intelligence to support AML/CTF and counter-terrorism investigations - a directly comparable FIU by mandate and scale.
• Joint Financial Intelligence Unit (Hong Kong): The JFIU is Hong Kong's financial intelligence unit, jointly operated by the Hong Kong Police Force and the Hong Kong Customs and Excise Department. It receives suspicious transaction reports and produces financial intelligence disclosures, parallel to FINTRAC's role in Canada.
• FinCEN (Financial Crimes Enforcement Network, US Treasury): FinCEN is the U.S. financial intelligence unit under Treasury that collects, analyzes, and disseminates financial transaction reports (SARs/CTRs) and administers Bank Secrecy Act compliance - the closest functional peer to FINTRAC, with parallel mandate, AML/CTF authority, and reporting-entity ecosystem.
• UK Financial Intelligence Unit (NCA): The NCA-UKFIU is the United Kingdom's national financial intelligence unit, responsible for receiving and analyzing Suspicious Activity Reports and disseminating financial intelligence to law enforcement - a direct counterpart to FINTRAC within the Five Eyes intelligence partnership.

Others

• FATF (Financial Action Task Force): FATF is the intergovernmental body that sets global standards (FATF Recommendations) on AML/CFT and evaluates jurisdictions' compliance. It is not itself an FIU but is the principal ecosystem / standard-setting counterpart to FINTRAC and direct peer FIUs.
• RCMP - Royal Canadian Mounted Police: The RCMP is the principal domestic recipient of FINTRAC's financial intelligence disclosures and a core Canadian partner in AML/CTF and organized-crime investigations - a partner / customer in the same institutional network rather than a direct FIU peer.
• Egmont Group of Financial Intelligence Units: The Egmont Group is the global association of FIUs that facilitates cooperation, secure information exchange, and capacity building among member FIUs including FINTRAC - an ecosystem-level peer that FINTRAC is a member of.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/FINTRAC_Canada

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FINTRAC