October Newsletter: Anti-Money Laundering in the News — Transparency International Canada

TI Canada Newsletter

October 2021

Pandora Papers - Comments by James Cohen, Executive Director

Following the release of the Pandora Papers, an investigative report published by the International Consortium of Investigative Journalists, Executive Director of Transparency International Canada James Cohen provided comments to CBC-Radio One program The Current.
Click here to listen to the segment on what the release of the Pandora Papers means for Canada.

Opinion - This government must work with other parties to end snow washing

Recently, Executive Director James Cohen provided comments to iPolitics outlining the steps that political parties in Canada need to take to end snow washing, including the implementation of a corporate beneficial ownership registry.
Click here to read the opinion piece from our Executive Director, James Cohen.

FATF Releases Report on Canada's Commitments to Combating AML

On Friday, October 1st, the Financial Action Task Force released a report outlining Canada's progress in strengthening measures to tackle money laundering and terrorist financing. The report showed Canada's compliance in 11 of the 40 Recommendations.
Read the full report here and what steps Canada needs to take to improve compliancy.

Time to End Snow Washing Video

The 'End Snow Washing Coalition' of TI Canada, Canadians for Tax Fairness, and Publish What You Pay Canada have developed a video explainer of what 'snow washing' is and how Canada can #endsnowwashing.

In Case You Missed It: Keynote Talk from Sam Cooper

Sam Cooper, investigative reporter at Global News and author of 'Wilful Blindness', provided the keynote address at TI Canada's 2021 Annual Members Meeting. Sam discussed his book on money laundering in Canada, specifically the 'Vancouver Model' of money laundering.

More Headlines and Reports

Pandora Papers add to the case for Canada to combat tax avoidance, says tax professionals union - Newswire (here)
Pandora Papers: 'This is a global network of which Canada is a hub' - Global News (here)
This man helped set up hundreds of offshore firms for rich clients. His case shows how Canada has 'turned a blind eye' to cracking down on offshore tax schemes - Toronto Star (here)
Update: SNC-Lavalin corporations and two former senior executives facing fraud and forgery related charges - RCMP (here)
Portraits of National Chapters: Transparency International Canada - Transparency International Deutschland (here)
Press Release: FATF Recommendation 24 - Response from TI Canada - TI Canada (here)
Canada's Largest Source of Money Laundered Funds for Real Estate Is... Canadians - Better Dwelling (here)
Province asks for feedback on adopting more corporate transparency - CBC (here)
Annex 3: statement against corruption and kleptocracies - G7 Interior Ministers Meeting (here)
Coalition provides closing submission in Cullen Commission - TI Canada (here)
TI Canada's Comments on Open Government Strategy - TI Canada (here)