In this letter, Above Ground joins more than 20 organizations in calling on the Canadian government to establish a public registry of the beneficial owners of companies and trusts. By taking this action, Canada will show national and global leadership in efforts to curtail the use of anonymous companies to hide tax evasion, money laundering, fraud and business activities that undermine basic human rights.
Several corporations financed by Export Development Canada are currently being investigated for corruption by U.S. government authorities. In correspondence with EDC, we seek clarity on how this public agency prevents corrupt practices and what steps it takes when clients are investigated for corruption. This letter responds to correspondence received from EDC.