CPD 271 – An Introduction to the Rule Amendments, Anti-Money Laundering & Terrorist Financing, Client ID & Verification

Recorded: 2020-01-22
Qualifies for 1 CPD Hour all of which qualifies for Ethics

The consequences of money laundering and terrorist financing are vast and significant – it is incumbent on each of us to prevent these criminal offences. Lawyers are considered to be “gate keepers” who, given their roles in facilitating financial transactions, are at risk of being sought out by criminals seeking to place dirty money in the financial system. Avoiding participation in money laundering and terrorist financing is rooted in knowing your client: their identity, their financial dealings in relation to your retainer, and any risks arising from your professional business relationship with them. With money laundering and terrorist financing activities on the rise in Canada, law societies nationally are adopting new rules and amending existing rules as part of a nationwide fight against money laundering and terrorist financing. This webinar highlights the changes to the Law Society of Saskatchewan Rules relating to anti-money laundering and terrorist financing that came into force on January 1, 2020.

Presenters: Jody Martin, Val Payne