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Federation of Law Societies looking to tweak anti-money laundering rules for lawyers

Thursday, February 22, 2018 @ 9:38 AM | By Ian Burns

The Federation of Law Societies of Canada (FLSC) is undertaking a consultation process on amendments to its model rules on anti-money laundering and terrorist financing, with an eye to make them more robust and effective for lawyers across the country.

In October 2016, the FLSC struck the Anti-Money Laundering and Terrorist Financing Working Group to conduct a review of the model rules that were in place. Soon after the group began work, a report by the Financial Action Task Force (FATF) on Canada’s anti-money laundering and...