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  • The Guardian

    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
    by Ashifa Kassam in Toronto Feb 14, 2018 3 minutes
    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 the owners of private companies and trusts, according to anti-corruption campaigners who say that more rigorous checks are required to obtain a library card than to set up a company in the country.

    “Anyone can start a company in Canada. It costs about C$200 and the owner of the company can remain completely anonymous,” said lawyer Mora Johnson, who recently authored a report detailing the country’s lax rules around corporate registration.

    While publicly traded firms in

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