Lawyers protected from money laundering scrutiny

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Lawyers protected from money laundering scrutiny GlobeBC

, which found this requirement unconstitutional because it put lawyers at risk of unreasonable search and seizure or jail time if they refused to give up records and violate their solicitor-client privilege.

Mr. German’s report said the simplest fix may be following the United States in forcing lawyers to report any cash transaction over $10,000 along with a few details, including the name and address of the person that sent the money as well as the date, amount and nature of the transaction. “Since this issue is complex, we [are] diligently conducting thorough research and consulting with key international and domestic stakeholders, as policy options are being assessed,” he said in an e-mailed statement.One success, Mr. Herbert noted, is the new rules created by the Federation of Law Societies Canada last October banning lawyers from accepting cash transactions above $7,500 as well as new standards for vetting potential clients and record-keeping.

 

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GlobeBC WWWWWWWWHHHHAT!! REALLY? JUST FINDING THIS OUT ARE WE

GlobeBC Quelle surprise!

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