Report on Annual Expenditures for Travel, Hospitality and Conferences

For the year ending March 31, 2016

As required by the Treasury Board Directive on Travel, Hospitality, Conference and Event Expenditures, this report provides information on the annual expenditures for each of travel, hospitality and conference fees for FINTRAC for the fiscal year ending March 31, 2016. 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 conference fees incurred by federal departments and agencies are related to activities that support a departmental or agency mandate 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 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.

FINTRAC's total annual expenditures for Travel, Hospitality and Conferences are summarized below:

Annual Expenditures for Travel, Hospitality and Conferences of FINTRAC
(in thousands of dollars)
Expenditure Category Expenditures for the Year Ending March 31, 2016
Expenditures for the Previous Year Ending March 31, 2015
(a – b)
Travel: Public Servants $1,005 $831 $174
Travel: Non-Public Servants $5 $9 -$4
Total Travel $1,010 $840 $170
Hospitality $24 $26 -$2
Conference Fees $62 $99 -$37
TOTAL $1,096 $965 $131
International Travel by Minister and Minister’s Staff (also included in Non-Public Servant travel) N/A N/A N/A

Significant Variances Compared With the Previous Fiscal Year

Travel has increased in 2015–16 due to Budget 2014 initiatives, including the implementation of legislative amendments for which FINTRAC received funding. Travel costs are also higher due to an increase in the number of compliance examinations completed. The increase in travel costs is offset by a reduction in hospitality and conference expenditures.

Date Modified: