Trust Safety Administrative Penalty Program
November 18, 2025A reminder is being sent to all Designated Representatives that from January 1, 2026, the Law Society will implement an Administrative Penalty Program that includes sanctions to address breaches of the Law Society of Saskatchewan Rules that establish standards for financial responsibility. These rules assist anti-money laundering efforts by requiring lawyers to know their clients, identify red flags and manage potential risks involved with suspicious transactions.
The importance of these rules and the need to limit breaches has led to the development of an administrative penalty structure as outlined in Rule 1551. A webinar provides information on the new administrative penalty structure, discusses the relevant rules and identifies ways for firms to ensure compliance.
The webinar and PowerPoint presentation are available in the Recorded Version Shop, qualifies for 30 minutes of continuing professional development, all of which qualify as ethics hours.
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