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New Register Requirements of “Individuals with Significant Control”
April 20th, 2020 by Gemma Brown
Effective June 13, 2019, each private corporation incorporated under the Canada Business Corporations Act (CBCA) was required to prepare a register of “individuals with significant control” (ISC) over such corporation. The purpose of these changes is to identify the actual individuals behind business activities being seen as an important and key component of Canada’s anti-money laundering and anti-terrorist financing regime. Manitoba has harmonized its legislation with changes… Read More »
