How Canada became an offshore destination for ‘snow washing’

The country’s opaque jurisdictions allow owners of private companies to remain anonymous and the firms to remain in the shadows

Wed 14 Feb 2018

Last modified on Wed 14 Feb 2018







The frozen Lake Ontario with Toronto skyline in the background. Because of lax rules, ‘privately held companies can easily be abused for tax evasion, for money laundering purposes and to stash the proceeds of crime’, said a lawyer.
Photograph: Education Images/UIG via Getty Images

Canada is one the world’s most opaque jurisdictions when it comes to identifying

... read more at: https://www.theguardian.com/world/2018/feb/14/canada-corruption-snow-washing-investigation-private-companies

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