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.
Canada’s Federal Government puts forward a suite of measures to tackle corruption and financial crime
Budget 2023 introduces a number of reforms and elaborates on ongoing initiatives to strengthen Canada’s anti-money laundering (AML) regime. These measures are welcomed by a coalition of civil society organizations – Publish What You Pay Canada, Transparency International Canada, and Canadians For Tax Fairness.
Une victoire importante pour la lutte contre le blanchiment d’argent au Canada
Canada deals a massive blow to money launderers with strong legislation for a publicly accessible corporate beneficial ownership registry.
CPI 2022: Canada Fails to Improve on Transparency International Annual Ranking
New Report - Provinces need to step up and work with feds to resolve Canada’s opaque patchwork of corporate data
As the federal government prepares to launch a public beneficial ownership registry in 2023, the current state of corporate data across all 14 Canadian jurisdictions is an opaque patchwork – leaving Canada vulnerable to money laundering and other financial crimes. Provinces and territories are the weakest link.
Budget 2022 strikes critical blow against corruption with commitment for a publicly accessible beneficial ownership registry for companies and properties
Canada’s Anti-Corruption Commitments at the Summit for Democracy Have Promise, But More Details Are Needed
On December 9-10, the United States hosted roughly 100 countries for a virtual Summit for Democracy. The Summit was held by the US in recognition of the growing global erosion of democracy and increasing influence of authoritarianism. The Government of Canada made six commitments on anti-corruption actions. TI Canada welcomes these commitments, but would like to see more details.