Next week a group of indigenous activists from Malaysia, accompanied by the NGO Bruno Manser Fund (BMF), will travel to Canada to call attention to the decades of clear-cut logging that has razed the rainforests of Borneo and allegedly enriched a Malaysian family accused of money laundering through a Canadian company.
When allegations emerged last fall that the Mexican president’s 2012 election campaign was funded in part by a subsidiary of Brazilian construction giant Odebrecht, the news barely made headlines in Canada. But this development in the Odebrecht scandal should give us pause, because it raises crucial questions about the anti-corruption and disclosure policies of our export credit agency.
Export Development Canada has perfected the art of lending billions of taxpayer dollars to scandal-ridden foreign buyers. But its transparency could use some work. By Richard Poplak | Published in The Walrus
Earlier this year, Export Development Canada (EDC) was tasked with running Canada’s new Development Finance Institute. In its new role financing private investment for the purposes of poverty alleviation and sustainable development, EDC will need to adopt robust due diligence practices to ensure the investments it supports respect human rights and the environment.
A Canadian deal to finance a luxury Bombardier jet for a controversial South African business family has cast a fresh spotlight on secrecy policies at the federal government’s export credit agency. By Geoffrey York | The Globe and Mail
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.