Feds float idea of beneficial ownership registry as House Finance Committee reviews anti-money laundering law

The signal towards a beneficial ownership registry and review of Canada's anti-money laundering laws come in the wake of the release of the Panama and Paradise Papers in 2016 and 2017.

Finance Minister Bill Morneau holds a closing press conference after meeting with provincial and territorial finance ministers in December 2017, when he announced an agreement to pursue stricter laws on beneficial ownership disclosures.The Hill Times file photograph by Andrew Meade

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BY JOLSON LIM

March 26, 2018

Finance Canada is flirting with the idea of creating a first-ever central beneficial ownership registry that would serve as a potent tool to combat and deter money laundering and terrorist financing, a measure supported by advocates for corporate transparency. ...

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