The Canadian Bankers Association applauds the consensus reached at the Finance Ministers’ Meeting yesterday with respect to enhancing transparency around beneficial ownership. Canada’s banks have a strong interest in an effective anti-money laundering and anti-terrorist financing compliance regime. We support the direction the federal government is taking to strengthen corporate and beneficial ownership transparency. We view this as an important move forward and are committed to working with government and other stakeholders to pursue a practical, risk-based solution and improve the availability of beneficial ownership information in Canada.