CLEBC is proud to have hosted Barbara Buchanan, QC, Practice Advisor, Conduct & Ethics at the Law Society of BC, in our studio to present the CLE-TV program, Anti-Money Laundering – Client Identification and Verification Rules on November 27, 2019.
Barbara joined us to discuss the amendments to the client identification and verification rules which came into effect on January 1, 2020. The new rules introduced more stringent requirements to verify a client’s identity, provide more options for how to confirm a client’s identity, and require lawyers in financial transactions to obtain additional information about a client’s source of funds, as well as periodic monitoring and recording professional business relationships with clients. The rules are a key part of the Law Society’s efforts to combat money laundering and terrorist financing.
We are delighted to share the recording of this course below in support of our regulator’s initiatives.