The Royal Bank of Canada (RBC) has released annual of records on hundreds of clients, who were revealed in the Panama Papers to federal tax auditors, marking the first public step that the Canadian government has taken to crack down on anyone named in the scandal. The tax agency has also requested all RBC documentation on the due diligence checks it did on those accounts so as to determine who the real people behind them are. The banks confirms it is complying with the demands.
The Royal Bank of Canada (RBC) has released 40 years of records on hundreds of clients, who were revealed in the Panama Papers to federal tax auditors, marking the first public step that the Canadian government has taken to crack down on anyone named in the scandal. The tax agency has also requested all RBC documentation on the due diligence checks it did on those accounts so as to determine who the real people behind them are. The banks confirms it is complying with the demands.