In September, 2016, the Financial Action Task Force (FATF) conducted an evaluation of the Canadian anti-money laundering regime and, while noting a number of minor shortcomings and some strengths, found two important features lacking. The first was a lack of transparency in who owns, controls and benefits from Canadian corporations and trusts. The second was that lawyers are exempted from Canada's anti-money laundering regime and do not have to report suspicious transactions. The FATF report concluded that fixing these two problems was crucial to bringing...