Canada:
Shareholders In The Crosshairs? Register Of Individuals With Significant Control Could Have Implications For Environmental Regulatory Liability
24 January 2020
Willms & Shier Environmental Lawyers LLP
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As of June 13, 2019, the Canada Business Corporations
Act ("CBCA") requires certain federal corporations
to keep a register of individuals with "significant
control" of the corporation (the "ISC
Register"). The ISC Register is intended to provide
greater transparency about who owns and controls a
corporation. The goal is to help law enforcement agencies
expose activities like money laundering and tax evasion.
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