May 05, 2016
By Michael Kramer
The Canada Revenue Agency has gone to Federal Court seeking information on Royal Bank clients – referred to in the so-called Panama Papers leak.
The agency asked the court to order the Royal Bank to disclose information – on clients linked to the Panamanian law firm.
The Royal Bank said it will not oppose the motion – and will comply if the court order is issued.
Various media reports claim the bank and its subsidiaries used the law firm to help set up about 370 companies – in offshore havens like Panama for its clients.