Report on Annual Expenditures for Travel, Hospitality and Conferences

For the year ending March 31, 2015

As required by the Treasury Board Directive for the Management of Expenditures on Travel, Hospitality and Conferences, this report provides information on the total annual expenditures for each of travel, hospitality and conferences for FINTRAC for the fiscal year ending March 31, 2015. It also provides the variance explanations from the previous fiscal year in each of these areas.

This information is updated annually and does not contain information withheld under the Access to Information Act or the Privacy Act.

Expenditures on travel, hospitality and conferences incurred by federal departments and agencies are for the most part directly related to supporting departmental mandate(s) and the government's priorities.

In particular, for FINTRAC, this includes facilitating the detection, prevention and deterrence of money laundering, terrorist activity financing and other threats to the security of Canada. The Centre also undertakes activities to ensure compliance by reporting entities with their obligations under Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Internationally, FINTRAC is part of the Egmont Group, an international network of financial intelligence units that collaborate and exchange information to combat money laundering and terrorist activity financing. In addition, FINTRAC must attend frequent meetings of the Paris-based Financial Action Task Force (FATF) and also regularly provides technical assistance training to counterpart Financial Intelligence Units.

Further information on the mandate, roles, responsibilities and program of FINTRAC can be found in Section 1 of FINTRAC's Reports on Plans and Priorities.

Total annual expenditures for Travel, Hospitality and Conferences of FINTRAC are summarized below:

Total annual expenditures for Travel, Hospitality and Conferences (in thousands of dollars)
Expenditure Category Expenditures for the year ending March 31, 2015 (a) Expenditures for the previous year ending March 31, 2014 (b) Variance ( a – b )
Travel – Public Servants $831 $810 $21
Travel – Non-Public Servants $9 $1 $8
International Travel by Minister and Minister's Staff Footnote * N/A N/A N/A
Total Travel $840 $811 $29
Hospitality $26 $22 $4
Conference Fees $99 $16 $83
TOTAL $965 $849 $116

FINTRAC's 2014–15 year-end budget was held constant compared to the prior fiscal year resulting in similar levels of travel and hospitality expenses. Travel has increased slightly due to the implementation of Budget 2014 initiatives, including new legislative amendments and the modernization of FINTRAC's analytical system. Conference expenditures have also increased due to increased engagement activities related to these new legislative amendments. The 2014–15 conference expenditures are consistent with the 2011–12 and 2012–13 expenditures of $123K and $83K, respectively.

THC spending for the centre remains well below the 2011–12 levels of $1.3M, and reflects savings measures outlined in Budget 2012.

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