News
Canada passes landmark legislation to fight corruption, money laundering, tax evasion, and terrorist financing.
Bill C-42 receives Royal Assent, establishing Canada’s public registry of beneficial owners—a major victory for transparency championed by the End Snow-washing Coalition.
Coalition appears before Canada’s Senate to support federal legislation for a publicly accessible corporate beneficial ownership registry.
OTTAWA: Yesterday, Canada’s Standing Senate committee on Banking, Commerce and the Economy (BANC) heard from the ‘End Snow-washing’ Coalition: Publish What You Pay Canada, Transparency International Canada, and Canadians For Tax Fairness. The Coalition provided strong support of long-awaited legislation (Bill C-42) for a corporate beneficial ownership, which the Senate is studying. Should this bill pass, it will be a massive blow against money laundering, corruption, tax evasion, and terrorist financing.