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Billions in Unknown Funds Flow Through Toronto Real Estate, Shows New TI Canada’s Report

In Canada, individuals can own a property and hide this fact from law enforcement, tax authorities, and private sector entities with anti-money laundering (AML) obligations. Canada’s property registers allow beneficial owners to use companies, trusts, or nominees to hold title to property and remain anonymous, which facilitates money laundering in the real estate sector, or as it has come to be known in Canada, ‘snow-washing’.  

TI Canada and Canadians For Tax Fairness Submit Suggestions for the Real Estate Sector to the B.C.’s Expert Panel on Money Laundering

In light of British Columbia’s vulnerability to criminal financial activities in the real estate sector, Transparency International Canada and Canadians For Tax Fairness (C4TF) shared with the B.C government comments on current anti-money laundering and anti-terrorism financing (AML/ATF) efforts and suggestions on how to improve them.

Corruption: The Western Canadian Perspective

For the first time, Transparency International Canada releases a report on domestic corruption perceptions

Every three years, Transparency International publishes the renowned Global Corruption Barometer. Now, TI Canada has produced a domestic study focusing exclusively on Western Canada. The Western Canada Corruption Barometer comprises two reports: one looking at the public’s perceptions and experiences with corruption, and another focusing on the extractive sector industry.

TI Canada Joins Letter to Minister Morneau Seeking a Publicly Accessible Beneficial Ownership Meeting During Finance Ministers Meeting

Transparency International Canada’s Chair and President, and its Executive Director join 42 other signatories in an open letter to Federal Finance Minister Bill Morneau encouraging the federal government to advocate for a publicly accessible pan-Canadian company registry of beneficial owners in upcoming conversations with provinces and territories, and to outline a consultation timetable to explore all registry options (including a publicly accessible registry) in Budget 2019.

Federal Finance Committee recommends strong measures to tackle money laundering, yet stops short from emerging international trends

Toronto, November 14th 2018  —Canadians for Tax Fairness, Publish What You Pay Canada, and Transparency International Canada, welcome the House of Commons Finance Committee’s report and recommendations of its recent review of Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

Canada Falls Further Behind on Fighting Foreign Bribery

Canada has fallen from ‘Moderate’ to ‘Limited’ enforcement of the Corruption of Foreign and Public Officials Act, placing it at the back of the pack of OECD countries on foreign bribery enforcement as highlighted in a new Transparency International’s Exporting Corruption Report 2018: Assessing Enforcement of the OECD Anti-Bribery Convention (linked here).