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Closing the Biggest Money Laundering Loophole
Friday, May 31st, 2019
Unfortunately, Canada’s anti-money-laundering laws are among the weakest of Western liberal democracies. We have no public registry of beneficial ownership and we generally don’t require any beneficial ownership disclosure whatsoever. That makes us doubly attractive to international money launderers… as more countries implement public registries of beneficial ownership, more of the world’s dirty money will be redirected to Canada.
Tags: crime prevention, economy, globalization, jurisdiction
Posted in Debates | No Comments »
Fight Against Dirty Money Needs Tougher Measures
Tuesday, May 7th, 2019
Obstacles to following the dirty money could be reduced by creating a new criminal offence: a false declaration of beneficial ownership, whether made on a public registry or submitted by a customer to a Reporting Entity. Not only would such an offence bring more integrity to the beneficial-ownership information being disclosed; it would also provide a solid base from which law enforcement agencies could conduct investigations of suspicious transactions
Tags: crime prevention, economy, globalization, ideology, rights, standard of living
Posted in Governance Policy Context | No Comments »
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