Canadian lawyers remain exempt from money-laundering laws
Canadian lawyers remain exempt from portions of the federal government's Proceeds of Crimes and Terrorist Financing Act following a unanimous ruling by British Columbia's top court.
A B.C. Court of Appeal five-member panel on Thursday upheld a ruling by the province's Supreme Court that struck down parts of the act that pertain to lawyers. The legislation required lawyers, financial institutions and others to keep records on money transactions in an attempt to stop terrorists and criminals from laundering cash.
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