19th July 2017
Federal Finance Minister Bill Morneau says secret corporate ownership in Canada will soon end with new rules compelling Canadian company owners to reveal themselves in government filings — a public policy move widely viewed as crucial in the battle against tax evasion and money laundering. But he would not commit… Read More
12th July 2017
A Law Society of B.C. disciplinary hearing descended Tuesday into acrimony and occasional raised voices over the regulatory body’s ability and willingness to police money laundering. Kenneth McEwan, a lawyer for the society, rebuked media comments made by Donald Gurney and said they raised a serious question about rehabilitating the… Read More
11th July 2017
Less and less money is leaving China by the day. June numbers from the People’s Bank of China (PBoC) show that foreign exchange reserves rose once again. The number was just a slight increase, but the PBoC announced new anti-money laundering measures that will likely mean even less money will… Read More
5th July 2017
In line with the presidential decree, the Russian government extended the embargo on certain types of food from countries that had imposed sanctions on Russia, according to a document, published on the Russian government’s website on Wednesday. A ban on imports of certain types of agricultural products, raw materials and… Read More
2nd June 2017
An Ontario regulator says it will not be disciplining 43 of the 45 mortgage brokers and agents that mortgage lender Home Capital cut ties with over allegations they falsified loan applications. The Financial Services Commission of Ontario said last week it had disciplined a mortgage broker and an agent after… Read More
29th May 2017
The White House moved Friday to calm an exasperated world after a close adviser to President Donald Trump suggested the U.S. was considering easing sanctions on Russia. The suggestion, made Thursday aboard Air Force One by Gary Cohn, the president’s top economic adviser, had roiled already tense conversations at the… Read More
19th May 2017
Russia is warning Canada the adoption of a Magnitsky-style law would result in a significant blow to bilateral relations, while a prominent Russian dissident commends Ottawa’s decision to support sanctions against human-rights abusers worldwide. In a statement published Thursday, the Russian Foreign Ministry condemned an announcement by Canadian Foreign Affairs… Read More
18th May 2017
Canada’s government decided Wednesday to create legislation to expand the country’s international sanctions law to target gross human rights violators, Foreign Minister Chrystia Freeland told Parliament. A Parliament committee agreed last month to support amending Canada’s sanctions rules to include rights violators, acting in honor of the Russian whistleblower Sergei… Read More
16th May 2017
US authorities have dropped sanctions against a number of Irish-based executives working for payments company Pacnet, who were linked to an investigation of the Canadian-headquartered group last year. Last autumn, the US department of the treasury sanctioned Pacnet for allegedly laundering money from schemes used to dupe people… Read More
9th May 2017
After years of trying to build public and media support, significant progress has been made with the last two federal budgets in the fight against overseas tax evasion. Finally, the federal government is providing the Canada Revenue Agency the resources it needs to take on those who hide their money… Read More