LexisNexis - Canada Business Corporations Act new filing requirement and U.S. Corporate Transparency Act coming into effect next year

LexisNexis releases a monthly Corporate Brief as part of their Canada Corporations Law Reporter publication. This brief provides comprehensive insights into the latest updates and developments in federal and provincial legislation. In the January issue, BD&P's Knowledge Management Lawyer, Mardi McNaughton, contributed an article on corporate transparency reporting.

Corporate transparency reporting aims to combat money laundering, terrorist financing and other financial crimes by requiring companies to disclose information about the people who own or control a corporation.

Both Canada and the U.S. have recently passed legislation surrounding corporate transparency. Learn more about the new legislation here.