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Tuesday, November 5, 2024
Canada’s Politics and Government News Source Since 1989
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About time to get a grip on money-laundering problems in Canada

It will be a complicated task to build an effective and harmonized database of beneficial ownership of federal and provincial/territorial corporate shareholdings, augmented to include real estate holdings, and publicly accessible to market stakeholders. But the effort will be worth it to strengthen integrity of capital markets and investor confidence.

Finance Minister Chrystia Freeland, pictured Sept. 25, 2020. The federal government’s decision to break the inertia to move forward and build a beneficial ownership registry should be applauded, to increase corporate transparency and more effectively combat money-laundering activities, tax evasion and other illicit activities. The Hill Times photograph by Andrew Meade
Opinion
BY IAN C.W. RUSSELL
May 10, 2021
Opinion | BY IAN C.W. RUSSELL | May 10, 2021

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