News
Une victoire importante pour la lutte contre le blanchiment d’argent au Canada
Dans un geste décisif contre l’argent sale, le gouvernement du Canada dépose un projet de loi pour la création d’un registre public de propriété effective des societés.
Canada deals a massive blow to money launderers with strong legislation for a publicly accessible corporate beneficial ownership registry.
Canada tables legislation for a publicly accessible corporate beneficial ownership registry which includes scalability for provinces and territories, data verification and validation.
Cullen Commission Final Report Recommendations Mark Major Victory For Deterring Dirty Money From Entering Shell Companies and Shell Properties in Canada
After three years of expert testimony and insight from two-hundred witnesses, the British Columbia Cullen Commission released its final report. A key win in the report is the recommendation for British Columbia to work with the federal government to create a centralized, beneficial ownership registry that is world-class, and would eventually cover the entire country.
Budget 2022 strikes critical blow against corruption with commitment for a publicly accessible beneficial ownership registry for companies and properties
Canada confirms an accelerated timeline for registry implementation by 2023, including scalability for provinces and territories, and data verification and validation.
Press Release: Canada marketed abroad as a secrecy jurisdiction to crooks and tax cheats: new report
Canada is known as an easy place to launder dirty money, or ‘snow-wash’. It’s not just the experts who know this though. International corporate service providers actively promote incorporating companies in Canada to clients who wish to take advantage of lax secrecy laws and low financial crime enforcement.
TI Canada joins press conference for Ontario Anti-Money Laundering in House Act
Transparency International Canada’s Executive Director, James Cohen, was invited to attend a press conference for the introduction of legislation to increase Ontario real estate. The Anti-Money Laundering in Housing Act, proposed by Ontario NDP Housing critic Jessica Bell (University-Rosedale), and MPP Bhutila Karpoche would require corporations, trusts, and partnerships that own real estate to disclose individual owners, with failure to comply resulting in fines of up to $100,000.
Press Release: FATF Recommendation 24 – Response from TI Canada
TI Canada makes submissions with TI movement and the ‘End Snow Washing’ Coalition for FATF consultation on Recommendation 24: Transparency and Beneficial Ownership of Legal Persons.
G7 TI Chapters Send Letters to Finance Ministers on Beneficial Ownership Transparency
On Friday, May 21, TI Canada sent a letter to Finance Minister, Chrystia Freeland, that urges G7 countries to unanimously commit to the adoption of beneficial ownership registries, and to coordinate in calling for beneficial ownership registries as a recommendation of the Financial Action Task Force (FATF).
MEDIA RELEASE: Commitment to fight money laundering (“snow-washing”) in 2021 federal budget enthusiastically applauded by civil society organizations
Canada announces a publicly accessible registry after years of beneficial ownership transparency discussions amongst government, business, and civil society campaign efforts.
Civil Society Coalition Welcomes Release of Federal Government Beneficial Ownership Consultation Report And Challenges Excessive Risk-Averse Approach
Insights from summary report are welcome, yet concerns regarding publicly accessible registries are too cautious and jeopardize chances for Canada to deter dirty money.
La société civile exige les résultats des consultations fédérales tenues sur le registre public il y a un an
Canadiens pour une fiscalité équitable, Transparency International Canada et Publish What You Pay Canada exhortent Innovation, Sciences et Développement économique Canada (ISDE) de publier dans les plus brefs délais les résultats des consultations menées à l’hiver 2020 concernant la possibilité d’établir un registre public sur la propriété effective des sociétés afin de résoudre le problème de blanchiment d’argent, dit « blanchiment neige », au Canada.
Civil society calls for results of Federal consultation on public registry one year later
Canadians For Tax Fairness, Transparency International Canada, and Publish What You Pay Canada are calling upon the Ministry of Innovation, Science and Economic Development (ISED) to immediately publish the results of its consultation from winter 2020 about how a publicly accessible registry listing beneficial ownership information for private corporations can address Canada’s money laundering or “snow-washing” problem.