The Society’s Council approved changes to the Client ID Rules effective January 1, 2020. We’ve outlined the changes at http://bit.ly/Client-ID-RegChanges.
This is an opportunity to review the Client ID Regulations at 4.13 with the lawyers and staff in your firm.
You may be a target to criminals or terrorists seeking to defraud you or to launder money. It’s a reality of practice that isn’t limited to just Vancouver, Toronto or Halifax. Criminal organizations are active in our communities making money off drugs, human trafficking, fraud etc.
If you do transactions (property or commercial) or corporate work, and especially if you don’t see yourself as at risk, you are a target. Criminals with money are often smart enough that you could have trouble suspecting anything amiss. They will not look like criminals, but they will look for lawyers with their guard down. Remember, they want your good reputation to help cloak their assets.
The Federation of Law Societies (FLSC) has developed a risk advisory, which includes a helpful checklist that outlines risks of money laundering and terrorist financing.
For practice support and questions, please contact the Society’s Legal Services Support at email@example.com.