7 ▁Parad ise ▁Pap ers ▁highlight ed ▁the ▁" scale ▁and ▁ease ▁of ▁use ▁of ▁corpor ations ▁and ▁other ▁legal ▁entities ▁to ▁e va de ▁or ▁avoid ▁tax es ▁and ▁facil itate ▁criminal ▁activities ▁such ▁as ▁money ▁la und ering , ▁terror ist ▁finan cing , ▁and ▁cor ruption ." ▁ ▁The ▁Canada ▁Business ▁Corpor ations ▁Act ▁( C BC A ) ▁requires ▁that ▁certain ▁corpor ations ▁collect ▁information ▁on ▁" ind ividual s ▁with ▁significant ▁control ". ▁The ▁C BC A ▁says ▁that ▁individuals ▁with ▁significant ▁control ▁refer ▁to ▁" any one ▁with ▁direct ▁or ▁indirect ▁ownership ▁or ▁control ▁over ▁a ▁significant ▁number ▁of ▁shares ▁of ▁a ▁corpor ation ▁( i . e ., ▁ 2 5 % ▁of ▁the ▁voting ▁rights ▁or ▁fair ▁market ▁value ▁of ▁the ▁out standing ▁shares ), ▁or ▁who ▁has ▁any ▁direct ▁or ▁indirect ▁influence ▁that , ▁if ▁exerc ised , ▁would ▁result ▁in ▁control ▁in ▁fact ▁of ▁the ▁corpor ation , ▁among ▁other ▁circumstances ". ▁This ▁is ▁in ▁line ▁with ▁" intern ational ▁standards ▁gover ning ▁the ▁definition ▁of ▁benef icial ▁ownership , ▁including ▁those ▁set ▁out ▁by ▁the ▁Fin an cial ▁Action ▁Task ▁Force ▁( F AT F ). " ▁ ▁See ▁also ▁▁ ▁Ben ef icial ▁owner ▁ ▁References ▁▁ ▁Category : Property ▁law ▁Category : Sec ur ities ▁( fin ance ) ▁Category : Sto ck ▁market ▁Category : O wn ership ▁ ▁External ▁links ▁Nom ine e ▁direct ors ▁and ▁secret arial ▁service . <0x0A> </s> ▁Sh a he en ▁She ik