TI Canada active member Denis Meunier was featured in the Toronto Star where he commented on the issues associated with the Ottawa’s first comprehensive reform of corporate law in more than a decade, Bill C-25.
Meunier, a former top official with the Canada Revenue Agency and FINTRAC Ottawa’s anti-money laundering watchdog, expressed that: ““The bill falls short of its potential to address the real risks of money laundering, terrorism financing and tax evasion”. He also noted that: “An intergovernmental review last fall found Canada’s corporate transparency is non-compliant with international anti-money laundering and terrorism financing standards”.
Most importantly, Meunier, and TI Canada Chair and President, Paul Lalonde, testified to the INDU parliamentary committee and implored the government to match up the assessments of the risk in order to see the gap within the bill.
You can help TI Canada’s efforts by voicing your support to amend Bill C-25 through social media by tweeting about ending #snowwashing and #secretdeals. Example tweets:
Amend Bill C-25. Allowing companies to keep their owners a secret is just not worth the risk #cdnpoli #snowwashing
End #secretdeals and amend Bill C-25 to shed light on company ownership #snowwashing #cdnpoli
You can also support TI Canada’s work to advocate for change on beneficial ownership and trust transparency by making a donation of $20, $50, or $100 today on our website.