Program directory · Financial Transactions and Reports Analysis Centre of Canada
Supervision Program
- Program code
- BUW01 (FTRAC)
- Core responsibility
- Compliance with Anti-Money Laundering and Anti-Terrorism Financing Legislation and Regulations
- In Departmental Plans
- 2018-19 – 2026-27 · New since an earlier plan
What it does
The Supervision Program ensures compliance with Part 1 and Part 1.1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. The Program, enabled by strategic policy, strategic intelligence, research and analytics, utilizes a risk-based approach to deliver monitoring enforcing and engaging activities that help ensure compliance with legislative and regulatory obligations that apply to persons and entities operating in Canada’s financial system and subject to the PCMLTFA. Through this program, FINTRAC enhances public awareness and understanding of matters related to money laundering, the financing of terrorist activities and sanctions evasion.
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2018-19. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Supervision Program | This program | 2018-19 – 2028-29 | $183M |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
| Year | What changed | Source |
|---|---|---|
| 2020-21 | Indicators added: Percentage of assessed reporting entities not requiring enforcement action; Percentage of Financial Transaction Reports submitted to FINTRAC that meet validation rules as an indicator of quality | Departmental Results Framework (GC InfoBase) |
| 2020-21 | Indicators dropped: Percentage of Financial Transaction Reports submitted to FINTRAC that meet quality requirements; Percentage of follow-up examinations where reporting entities demonstrate higher rates of compliance with their money laundering and terrorism financing legislative and regulatory obligations | Departmental Results Framework (GC InfoBase) |
| 2021-22 | Employees (FTEs) 170, against 136 in 2020-21 (+25%). | FTEs (GC InfoBase) |
| 2021-22 | Spending $24.7M, against $19.6M in 2020-21 (+26%). | Actual spending (GC InfoBase) |
| 2022-23 | Indicators dropped: Percentage of follow-up examinations where reporting entities demonstrate improvement in the quality of their reporting to FINTRAC | Departmental Results Framework (GC InfoBase) |
| 2023 | Budget 2023 measure “FINTRAC Funding”: -$26M in total over its years (linked to this program by name, a best-effort match). | Budget 2023, PDF page 206 |
| 2024-25 | Employees (FTEs) 240, against 182 in 2023-24 (+32%). | FTEs (GC InfoBase) |
| 2024-25 | Spending $46.1M, against $30.2M in 2023-24 (+53%). | Actual spending (GC InfoBase) |
| 2025-26 | Planned spending $59.2M, against $46.1M in 2024-25 (+28%). | Latest Departmental Plan |
| 2026-27 | Planned employees (FTEs) 356, against 272 in 2025-26 (+31%). | FTEs (GC InfoBase) |
| 2026-27 | Renamed from “Compliance Program” to “Supervision Program”. | GC InfoBase program names by year |
| 2026-27 | Planned spending $85.3M, against $59.2M in 2025-26 (+44%). | Latest Departmental Plan |
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2020-21 | ≥ 90% | 2021 | 94% | Met |
| 2021-22 | ≥ 90% | 2022 | 94% | Met |
| 2022-23 | ≥ 90% | 2023 | 95% | Met |
| 2023-24 | ≥ 90% | 2024 | 89% FINTRAC assessed the compliance of over 600 businesses through one or more types of assessment activity. Approximately 89% of businesses assessed by FINTRAC did not require enforcement action. This means that these assessments resulted in no further activity or in a follow-up activity instead of enforcement (e.g., data integrity monitoring, a follow-up assessment, an action plan, etc.). | Not met |
| 2024-25 | ≥ 90% | 2025 | 85% FINTRAC’s shift toward preventative and enhanced risk-based oversight FINTRAC’s enhanced risk-based supervision means that it prioritizes early identification of risks. There is a continued and deliberate shift towards increased enforcement, which demonstrates a more assertive and proportionate prioritization of resources and efforts on higher risk areas. The number of assessment activities condu… | Not met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2020-21 | ≥ 90% | 2021 | 88% The global pandemic had a significant impact on FINTRAC’s approach to compliance over the past year. The Centre, however, effectively mobilized its operations in order to deliver on its critical compliance mandate. This included working closely with businesses to minimize the impact of their regulatory requirements, given the challenging circumstances, while ensuring that FINTRAC was still able t… | Not met |
| 2021-22 | ≥ 90% | 2022 | 87% The global pandemic had a significant impact on FINTRAC’s approach to compliance over the past year. The Centre, however, effectively mobilized its operations in order to deliver on its critical compliance mandate. This included working closely with businesses to minimize the impact of their regulatory requirements, given the challenging circumstances, while ensuring that FINTRAC was still able t… | Not met |
| 2022-23 | ≥ 90% | 2023 | 90% | Met |
| 2023-24 | ≥ 90% | 2024 | 70% Due to legislative and regulatory changes, such as but not limited to the amended definition of an electronic funds transfer in April 2022, reporting requirements were introduced for new reporting entities that were previously not obligated to report to FINTRAC. Additionally, FINTRAC continued the modernization of its reporting forms due to regulatory amendments that came into force in 2021. Thes… | Not met |
| 2024-25 | ≥ 90% | 2025 | — Supporting data for this indicator is not available. Measurement will resume in 2025–26 | No result reported |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2018-19 | ≥ 80% | 2019 | 100% | Met |
| 2019-20 | ≥ 80% | 2020 | 76% FINTRAC noted a 76 percent improvement in reporting quality from reporting entities after a follow-up examination. | Not met |
| 2020-21 | ≥ 90% | 2021 | 0% Due to the pandemic, follow-up examinations were not conducted for this period | Not met |
| 2021-22 | ≥ 90% | 2022 | 0% Due to the pandemic, follow-up examinations were not conducted for this period | Not met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2018-19 | ≥ 80% | 2019 | 91.7% | Met |
| 2019-20 | ≥ 80% | 2020 | 88.1% | Met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2018-19 | ≥ 80% | 2019 | 79% Follow-up examinations are an assessment tool that FINTRAC can use, when appropriate, to assess if a business has addressed previous non-compliance. In 2018–19, the Centre conducted 19 follow-up examinations and identified improvement in compliance behaviour in 79 percent of cases over the previous examination. In instances where a negative change in behavior (21 percent) was observed, additional… | Not met |
| 2019-20 | ≥ 80% | 2020 | 88.6% | Met |
Current: the 2026-27 plan's targets
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ 90% | 2027 | — | Planned |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ 90% | 2027 | — | Planned |
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | $16.6M | $17.1M |
| 2019-20 | $16.8M | $18.2M |
| 2020-21 | $23.2M | $19.6M |
| 2021-22 | $28M | $24.7M |
| 2022-23 | $24.5M | $26.8M |
| 2023-24 | $30.2M | $30.2M |
| 2024-25 | $48.4M | $46.1M |
| 2025-26 | $59.2M | — |
| 2026-27 | $85.3M | — |
| 2027-28 | $97.9M* | — |
| 2028-29 | $94M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | 122 | 127 |
| 2019-20 | 123 | 125 |
| 2020-21 | 126 | 136 |
| 2021-22 | 134 | 170 |
| 2022-23 | 143 | 178 |
| 2023-24 | 176 | 182 |
| 2024-25 | 267 | 240 |
| 2025-26 | 272 | — |
| 2026-27 | 356 | — |
| 2027-28 | 390* | — |
| 2028-29 | 381* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018-19 plan | $16,626,138 | $16,324,691 | $16,324,691 | ||||||||
| 2019-20 plan | $16,790,041 | $17,155,231 | $17,213,449 | ||||||||
| 2020-21 plan | $23,161,049 | $19,054,086 | $18,665,017 | ||||||||
| 2021-22 plan | $28,037,986 | $29,312,049 | $28,450,842 | ||||||||
| 2022-23 plan | $24,544,782 | $23,644,918 | $30,923,074 | ||||||||
| 2023-24 plan | $30,206,628 | $31,351,768 | $31,547,533 | ||||||||
| 2024-25 plan | $48,376,893 | $49,135,545 | $48,672,529 | ||||||||
| 2025-26 plan | $59,155,310 | $58,395,445 | $58,626,334 | ||||||||
| 2026-27 plan | $85,318,027 | $97,910,551 | $94,005,647 | ||||||||
| Actual | $17,093,463 | $18,219,982 | $19,553,711 | $24,669,225 | $26,798,463 | $30,192,156 | $46,096,560 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
