Report on Annual Expenditures for Travel, Hospitality and Conferences

For the year ending March 31, 2014

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, 2014. 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, 2014 (a) Expenditures for the previous year ending March 31, 2013 (b) Variance (a – b)
Travel – Public Servants $810 $970 -$160
Travel – Non-Public Servants $1 $3 -$2
International Travel by Minister and Minister's Staff Footnote * N/A N/A N/A
Total Travel $811 $973 -$162
Hospitality $22 $59 -$37
Conference Fees $16 $83 -$67
TOTAL $849 $1,115 -$266

FINTRAC's 2013–14 year-end budget decreased by $2.9M (5.2%) compared to the prior fiscal year, thereby affecting variable program spending across all categories including travel, hospitality and conferences. Travel expenses decreased due to a FINTRAC-wide initiative to use alternatives to travel (e.g. videoconferencing) whenever possible. In addition, FINTRAC reduced both the number of conferences attended as well as minimized the number of attendees at each individual event. These efforts decreased both travel and conference expenditures. Finally, there were certain recurring events which, due to timing, FINTRAC did not host this fiscal year. This lowered hospitality expenditures exceptionally this fiscal year.

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