Revenue Canada, RBC Securities and Liechtenstein
December 14, 2009
Federal authorites say RBC Dominion Securities investment advisors may have helped clients set up offshore entities that allowed them to cheat on their taxes.
Court documents say RBC employees in Victoria helped Canadians transfer assets to the banking haven of Liechtenstein.
Those funds remained hidden until Revenue Canada was tipped off.
Greg Rasmussen will have a report on the crack in banking secrecy which led investigators to the offices of R-B-C Dominion Securities in Victoria.
Peter Armstrong
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