Beneficial ownership transparency is good for Canadian business

While Canada’s registry will significantly help fight money laundering–the lifeline for organized crime–it will also bring multiple benefits to the Canadian economy.

Finance Minister Chrystia Freeland's 2021 budget proposed creating a beneficial ownership registry. A publicly accessible beneficial ownership registry would also help reduce securities fraud, write James Cohen and Sasha Caldera.The Hill Times photograph by Andrew Meade

Opinion

BY JAMES COHEN, SASHA CALDERA

February 22, 2023

It’s 2023, and Canada is scheduled to have a publicly accessible, corporate beneficial ownership registry by the end of the year. It has been a long time coming for this critical tool to help fight Canada’s money laundering problem, or ‘

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