I was honoured to be invited as an expert witness to the Finance Committee on the Review of the Proceeds of Crime (Money Laundering) Terrorism Financing Act. My testimony is reproduced below.
Beneficial Ownership Transparency: Implications of the Fed-Prov Finance Ministers’ Announcement of December 11, 2017
Canadian Finance Ministers announced on December 11 that they would take measures to improve the transparency of beneficial ownership information (see press release and backgrounder). While not much detail is available yet, this announcement marks a very important development and should be welcomed.