Web1 jan. 2024 · Client Identification, Verification, and Monitoring File Forms On January 1, 2024, by-law amendments to fight money laundering and terrorist financing come into effect. These amendments include changes to licensees’ obligations to identify and verify the … WebAmendments to the Client Identification and Verification rule now permit you to choose any suitable person to act as an agent. Previously, agents had to be individuals in occupations who could provide an attestation respecting compliance with the …
By-Law 7.1 Law Society of Ontario
WebClient Identification and Verification. When it comes to the new anti-money laundering rules, there are two categories of files. We have included worksheets that should help you determine which category your file falls into. The first type is an IDENTIFICATION FILE – where you must identify your client by collecting the basic “business card ... WebThe Law Society takes this opportunity to highlight Law Society Rule 16: Client Identification and Verification Requirements. Client identification and verification are important because they are tools used to combat money laundering and the financing of terrorist activities. mattresses deptford township
SRA Identifying your client Solicitors Regulation Authority
Web12 mrt. 2024 · Setting the standards for identity. Robin Malpas, Deputy Director, Central Legal Services and Abbie Purslow, Land Registrar, 12 March 2024 - Digital services, Law and practice. Trismegist san/Shutterstock.com. The impact of the public health guidelines and subsequent rise of remote working during the last year highlighted the need for a … Web25 nov. 2024 · I am a solicitor in private practice. Paragraph 8.1 of the new SRA Code of Conduct for Solicitors, RELs and RFLs requires me to identify who I am acting for in relation to any matter. Does this effectively mean that I must comply with the Money Laundering Regulations 2024 by obtaining proof of identity and address in all matters, not just those ... Web1 jan. 2024 · When verifying client identity virtually, authentication remains a best practice. The Law Society encourages licensees to authenticate client identity as part of the virtual verification process. Consult the Law Society’s Virtual Verification of Client … mattresses disposal rothschild wi