News
Canada Still Only Carries Out ‘Limited Enforcement’ of Foreign Bribery Law
Canada only carries out ‘limited enforcement’ of the Corruption of Foreign Public Officials Act (CFPOA) according to the latest biannual Transparency International Report.
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.
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.
Canada receives C grade in Transparency International’s Government Defence Integrity index
Canada receives a ‘C’ grade with a score of 54/100 in the 2020 Government Defence Integrity Index (GDI) released today by Transparency International .
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.
Canadian Real Estate Still Opaque, But Light is Creeping In
A new Transparency International report highlights that Canada’s real estate data is opaque and difficult to access.
Canada Falls from its Anti-Corruption Perch
Canada has fallen from its coveted position within the top 10 least corrupt countries on Transparency International’s annual Corruption Perception Index (CPI) published today.
PRESS RELEASE: Canada’s Response to Beneficial Ownership: Waiting for the Details
Toronto – Today, Finance Minister Morneau announced the Federal Government’s call for consultation on ‘Tax Planning Using Private Corporations’. This consultation follows Minister Morneau’s recent public statement that recognizes that anonymous beneficial ownership of corporations are harming Canada by allowing the flow of dirty money domestically and from overseas.
Press Release: Transparency International Canada calls on Ottawa to introduce a public registry of Canadian registered companies
Transparency International Canada calls on Ottawa to introduce a public registry of Canadian registered companies