Beneficial Ownership Regulations in Canada –What’s New
October 20, 2019
The latest move to improve money-laundering regulations in Canada came in June, as new rules under the Canada Business Corporations Act (CBCA) now require private federal corporations to create and maintain a new and separate register showing “individuals with significant control” (ISC), with provinces following suit.
These rules are just one step in Canada increasing transparency around beneficial ownership transparency. In this video, James Cohen, Executive Director at Transparency International Canada, discusses Canada’s beneficial ownership context, and what his organization is doing to promote greater transparency including advocating for how a publicly accessible registry of beneficial ownership can be established in Canada.