Briefing

‘Snow-washing’: What leaked banking records show about Canada’s role in money laundering

Seventy offshore shell companies were used to move about $6 billion from Russia to the west, according a leak of 1.3 million banking records. The leaks also show that companies—particularly those working with the now-defunct Lithuanian bank Ūkio bankas—appear to be using Canadian addresses to launder money. (Globe and Mail, The Guardian)

    Enter your email to read this article for free

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.
    Already a subscriber?

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    U.S. bankruptcy office wants independent Celsius probe

    Bell Media to conduct third-party review after criticism of Lisa LaFlamme dismissal

    Limit exposure to crypto, OSFI tells Canadian banks and insurers

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited