Canada Drops Ranks In Transparency International's Listing

There is no easy way to state it: Canada did not shine on anti-corruption matters in 2019, dropping 3 spots in Transparency International's annual rankings. While the lack of enforcement of corruption in Canada was seen as a leading factor in this drop, Canada has tackled corruption and money laundering by announcing in early 2020 consultations across the country aimed at eventually bringing in legislation aimed at strengthening corporate transparency across the country to fight money laundering, terrorist financing and tax evasion.

These efforts are particularly crucial in light of the predictions made on the health of the global economy related to the impact of COVID-19. With some reporting that Canada is on the brink of a recession as a result of the virus, anti-corruption measures become more crucial than ever. In 2018, a Global Economic Crime Survey reported an increase in economic crime, with 55% of Canadian respondents experiencing an instance of crime within