British Columbia tightens property beneficial ownership to fight money laundering

Pedro Gonçalves
clock • 3 min read

British Columbia has taken a major step to prevent money laundering with its proposed registry of beneficial owners of land by lowering the threshold at which shareholders of a property-owning corporation must be disclosed from 25% to 10%. The move comes as Vancouver faces an property price boom, artificially triggered by foreign speculators who bought homes either to let them out or just to accumulate capital gains. For a relevant partnership or relevant trust, all partners and beneficiaries with a direct or indirect interest in the property must be identified in the report. For a re...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?