NEWS
04/07/2016 17:54 EDT | Updated 04/08/2017 01:12 EDT

World leaders should be transparent about their personal finances; Trudeau

SUDBURY, Ont. — Prime Minister Justin Trudeau says you won't find his name in the leaked documents that make up the Panama Papers.

Trudeau, in Sudbury, Ont., to make an infrastructure announcement, says he has no money in offshore accounts and that he has been entirely open and transparent about his family finances.

He says Canadians expect their leaders to show they are worthy of their trust, while leaders need to trust Canadians enough to share details about the assets they hold.

A massive leak of more than 11 million documents from Panama-based law firm Mossack Fonseca — one of the world's largest creators of shell companies — has been dogging political leaders around the world.

The unprecedented leak of details about assets being held in tax-sheltered offshore accounts had one of Canada's biggest lenders, the Royal Bank, on the defensive this week over its ties to the law firm.

Media reports have linked hundreds of wealthy Canadians to the controversy.

The Canadian Press