The Federation of Law Societies of Canada has launched an online learning program about the responsibilities and best practices for lawyers related to anti-money laundering and terrorist financing. The training is composed of five modules:
- Understanding the Problem of Money Laundering and Terrorist Financing
- Assessing and Managing Money Laundering Risks
- Key Due Diligence Requirements
- Proper Use of Trust Accounts
- Cash Transactions
The training is available here.
This training is mandatory for all lawyers in Nova Scotia who expect to be retained by a client for legal services involving the handling of money—such as receiving, paying, or transferring funds—must complete the Federation’s online course on Anti-Money Laundering and Terrorist Financing in the Canadian Legal Profession.
Learn more about the Society’s anti-money laundering practice requirements at Anti-Money Laundering | Nova Scotia Barristers’ Society.