Criminals and tax evaders use legitimate Canadian investments like real estate to ‘clean’ dirty money, and this is called snow washing. Canada has become an international destination for setting up secret companies to “snow wash” illicit funds from all over the world. Housing bubbles in Vancouver and Toronto are allegedly being fuelled in part because of secret owners who buy properties to launder money.
In Canada, the true owners of companies and properties can remain entirely anonymous – their identities can be concealed even from the government agencies entrusted with enforcing laws. This makes it easy for money launderers, tax evaders, and those financing terrorism to hide and launder money in Canada -- and makes it hard for law enforcement and banks to enforce Canada’s existing anti-money laundering and anti-terrorist financing laws.
Canada needs to create a publicly accessible, registry of true (e.g., beneficial) owners of companies in an open, searchable format. This would serve as a deterrent to criminals and would facilitate access to information for law enforcement, financial institutions, civil society, and journalists.
Soumis par
Sasha Caldera
Votes :245
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Commentaires
Dear canada.ca admin, Keep…
Soumis par Ericka Bordelon le sam 11/02/2023 - 16:59
Dear canada.ca admin, Keep up the good work!
Public Beneficial Ownership undermines privacy
Soumis par Mark le lun 28/05/2018 - 13:46
Privacy and Beneficial Ownership
Soumis par Sasha Caldera le dim 10/06/2018 - 02:18
Absolutely, even business is calling for it
Soumis par Anonyme le mar 27/03/2018 - 16:38
I'm a third generation…
Soumis par Anonyme le lun 26/03/2018 - 01:15
Beneficial Ownership
Soumis par Ian McNeill le sam 24/03/2018 - 13:37
Public registry of beneficial ownership
Soumis par Michelle Travis le sam 24/03/2018 - 01:52
Beneficial Ownership Transparency helps combat extreme poverty
Soumis par Joseph Kraus, … le ven 23/03/2018 - 21:24
Nurse House keeping ,Factory Working
Soumis par Weesinghe Mudi… le sam 16/06/2018 - 04:10
Meaningful beneficial ownership rules long past due
Soumis par Jeff Geipel le ven 23/03/2018 - 02:49
We need a public registry of beneficial owners of companies
Soumis par Dennis Howlett le mer 21/03/2018 - 17:13
Canada must establish public registries of beneficial owners
Soumis par Rayleigh Lee le mer 21/03/2018 - 14:50
We need a public register of beneficial ownership
Soumis par James Royston le mer 21/03/2018 - 11:53
Protect Canada's real estate markets from money launderers
Soumis par Kevin Comeau le mar 20/03/2018 - 15:14
I want to see Canada create…
Soumis par Anonyme le mar 20/03/2018 - 05:33
Canadian Quebec
Soumis par Bishop le mer 21/03/2018 - 17:06
Sorry for not saying quebec too.
Soumis par Bishop le mer 21/03/2018 - 17:05
vehicle license plates and license
Soumis par Bishop le mer 21/03/2018 - 17:03
Born canadian
Soumis par Bishop le mer 21/03/2018 - 16:53
I think it's crucial Canada…
Soumis par Michelle Gubbels le lun 19/03/2018 - 20:26
Yes
Soumis par Madison Hopper le lun 19/03/2018 - 17:04
Fairness in Real Estate
Soumis par Christa Renneberg le lun 19/03/2018 - 17:01
Publicly accessible registry of beneficial owners
Soumis par Rasheeda Slater le lun 19/03/2018 - 16:27
Improving incorporation registries will help nonprofit sector
Soumis par Michael Lenczner le sam 17/03/2018 - 21:49
Publicly Accessible Registry of Beneficial Ownership Information
Soumis par Denis Meunier le ven 16/03/2018 - 15:14
The only real excuse I’ve…
Soumis par Anonyme le Jeu 15/03/2018 - 16:56
Yes!! This is critical!
Soumis par Courtney Bolinson le Jeu 15/03/2018 - 15:45
Public Registry Key to Combatting Corruption
Soumis par Kady Seguin le Jeu 15/03/2018 - 13:06
Support for beneficial ownership disclosure
Soumis par Elisa Peter le Jeu 15/03/2018 - 09:33
Agreed 100%. The registry…
Soumis par Anonyme le Jeu 15/03/2018 - 03:27
Time for beneficial ownership transparency in Canada
Soumis par James Cohen le Jeu 15/03/2018 - 02:15
Beneficial Ownership Transparency
Soumis par Peter Dent le lun 19/03/2018 - 16:07
Put an end to 'snow-washing'
Soumis par Adam Ross le mer 14/03/2018 - 23:38
publicly-accessible registry of beneficial ownership
Soumis par Kevin Comeau le mer 14/03/2018 - 22:58
Democracy reality or just fiction?
Soumis par George Kranz le mer 14/03/2018 - 17:46
Canada for the future
Soumis par George Kranz le mer 14/03/2018 - 15:32