We make the following recommendations for public officials to consider as they study implementation of a pan-Canadian publicly accessible registry of beneficial ownership: Examine making a beneficial ownership registry separate from existing jurisdictional corporate registries, but using complementary information; Collect standardized beneficial ownership data across jurisdictions that follows global data collection standards; Legislate a registry through the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA); Work towards incorporating digital IDs into the registry for data verification; and Develop a registry as a centralized architecture.
