January 18, 2021

Canadian cannabis producers receive millions from offshore tax havens

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By Eric Sandy and Melissa Schiller From Cannabis Business Times As the country’s licensed producers make big moves in the financial sector, a large part of their funding comes from anonymous investors in well-known tax havens like the Cayman Islands, Bahamas and more. Canada’s adult-use cannabis market is expected to be fully operational by this […]

The curious case of the FINTRAC penalty

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By John Jason | Contributed by Norton Rose Fulbright Canada LLP From ILO – International Law Office Introduction On April 5 2016 newspapers in Canada reported that the Financial Transactions Reports and Analysis Centre of Canada (FINTRAC) had imposed its first-ever penalty on a bank. FINTRAC was created by the Proceeds of Crime (Money Laundering) […]