News
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.
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
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.
CPI 2022: Canada Fails to Improve on Transparency International Annual Ranking
Canada’s score on Transparency International’s 2022 Corruption Perceptions Index remained stagnant with a score of 74 out of 100. While Canada remained in the top tier of least corrupt countries, its ranking dropped to 14th place from 13 after being overtaken by Australia and Ireland.
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 confirms an accelerated timeline for registry implementation by 2023, including scalability for provinces and territories, and data verification and validation.
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.
End Snow-Washing Coalition sends letter to Minister Freeland in support of the public beneficial ownership registry announcement
The End Snow-Washing Coalition sent a letter to the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcoming her announcement for a publicly accessible beneficial ownership registry in Budget 2021.
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.
‘End Snow Washing’ Coalition submits letter to Ministers Freeland and Bains on beneficial ownership transparency
TI Canada joined End Snow Washing coalition members, in delivering a letter to Ministers Freeland and Bains that recommends a publicly accessible beneficial ownership registry as part of Canada’s economic recovery priorities.