News
End Snow-Washing Coalition Applauds Accelerated Timeline For A Publicly Accessible Beneficial Ownership Registry by 2023
The ‘End Snow-Washing’ Coalition (Transparency International Canada, Publish What You Pay Canada, and Canadians for Tax Fairness) enthusiastically applauds the announcement by the Federal Government and The New Democratic Party (NDP) to fast-track the delivery of a publicly accessible beneficial ownership registry by 2023.
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.
Coalition Urges Action from Federal Ministers
The on-going conflict in Ukraine has lead to increased measures from the Canadian government to target money laundering on behalf of Russian elites with relationships to President Vladimir Putin.
TI Canada Provides Testimony to House Standing Committee on Finance
On February 17th, 2022, Executive Director, James Cohen provided testimony on behalf of Transparency International Canada to the House Standing Committee on Finance.
Canada Slides Again on Corruption Perceptions Index
Canada’s score dropped three points to 74 out of 100 on Transparency International’s Corruption Perceptions Index (CPI), and fell two places to 13th out of 180 countries, behind peers like the UK, Germany, and New Zealand
Le Canada Chute de Nouveau Dans L'Indice de Perception de la Corruption
Le Canada a chuté de trois points avec un score de 74 sur 100 sur l'Indice de Perception de la Corruption (IPC) de Transparency International de 2021.
Federal Mandate Letters Update
At the end of 2021, the Prime Minister’s Office released the mandate letters of federal ministers. Mandate letters provide important information for Canadians to hold the government accountable on policy directions.
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.
Coalition Provides Comments to FATF Submission
On December 3rd, the End Snow Washing Coalition, comprised of Transparency International Canada, Publish What You Pay Canada and Canadians for Tax Fairness, submitted comments to the Financial Action Task Force (FATF).
TI Canada Provides Testimony to Ontario's Finance Committee
Earlier this week, James Cohen, Executive Director at TI Canada provided testimony to Ontario’s Standing Committee on Finance and Economic Affairs. This testimony was in relation to Schedule 2 of Bill 43, which addresses the Ontario Corporations Act.
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.