Annual report on travel, hospitality and conference expenditures
For the period ending March 31, 2025
As required by the Treasury Board Directive on Travel, Hospitality, Conference and Event Expenditures, this report provides information on travel, hospitality and conference expenditures for the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for the fiscal year ended March 31, 2025.
Travel, hospitality and conference expenditures incurred by a federal department or agency relate to activities that support the department or agency's mandate and the government's priorities.
FINTRAC's travel, hospitality and conference expenditures support the delivery of the following core programs and services to Canadians.
Mandate
FINTRAC is Canada's financial intelligence unit and anti-money laundering and anti-terrorist financing regulator. Its mandate is to ensure the compliance of businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations, and to generate actionable financial intelligence for police, law enforcement and national security agencies to assist in the investigation of money laundering and terrorist activity financing offences or threats to the security of Canada.
FINTRAC was established by, and operates within the ambit of, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. The Centre is one of several domestic partners in Canada's anti-money laundering and anti-terrorist financing regime, which is led by the Department of Finance.
Further information on the mandate, roles, responsibilities and programs of FINTRAC can be found in FINTRAC's Departmental Plan.
| Expenditure category | Expenditures for year ended March 31, 2025 ($ thousands) |
Expenditures for year ended March 31, 2024 ($ thousands) |
Variance ($ thousands) |
|---|---|---|---|
| Travel | |||
| Operational activities | $236 | $335 | -$99 |
| Key stakeholders | $139 | $166 | -$27 |
| Internal governance | $1 | $8 | -$7 |
| Training | $84 | $83 | $1 |
| Other | $11 | $0 | $11 |
| A. Total travel | $471 | $592 | -$121 |
| B. Hospitality | $33 | $22 | $11 |
| C. Conference fees | $9 | $36 | -$27 |
| Total [A+B+C] | $513 | $650 | -$139 |
| International travel by minister and minister’s staff (included in total travel) | N/A | N/A | N/A |
Significant variances compared with previous fiscal year
Travel
In fiscal year 2024–25, departmental travel expenditures declined by $121K, a 20% decrease compared to the previous fiscal year. This reduction reflects an overall decrease in travel across various activity types, following a strategic shift in spending priorities.
Hospitality and conference fees
In fiscal year 2024–25, hospitality expenditures rose by $11K, an increase of approximately 33%. While the percentage increase is notable, the overall dollar amount remains modest. Conference fees, on the other hand, decreased by $27K, representing a 75% reduction due to lower participation in external events.
Minister and minister's exempt staff
Not applicable.
- Date Modified: