Ukrainian Law Blog
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Friday, April 28, 2017
Does offshore banking confidentiality hold up in Canadian courts?
The April 2016 “Panama Papers” leak highlighted the attraction for transnational actors of the confidentiality available in certain offshore financial centres. Some of these jurisdictions have laws that make it a criminal offence for banks to disclose information about their clients, providing powerful protection for individuals and corporations who wish to keep their financial affairs private.
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