The Daily Delta - Canadian AML & Financial Crime News
August 14, 2026
Featured
FinCEN.gov
FinCEN analyzed 67,540 Bank Secrecy Act reports filed between 2023 and 2025 that reported more than US$4.9 billion in suspected human-smuggling-related activity. Money services businesses filed approximately 97% of the reports, frequently identifying unverifiable relationships between originators and beneficiaries, transactions outside normal customer patterns, payments along known migration routes, and suspected structuring. Depository institutions accounted for only about 3% of filings but approximately 61%—US$3 billion—of the reported suspicious activity amounts, with typologies including funnel accounts, structured cash transactions, and travel agencies potentially facilitating migrant travel. The analysis also identified more than US$32 million in suspicious transactions across MSBs located in Canada associated with activity at the U.S.-Canada border, while overall human-smuggling-related BSA filings fell 62% in 2025 after peaking in 2024.
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