FINTRAC warns lawyers to be alert to potential money laundering and sanctions-evasion schemes

By Anosha Khan ( October 23, 2024, 4:46 PM EDT) -- The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has published a special bulletin on the use of the legal profession in money laundering and sanctions evasion, warning lawyers and businesses to be alert to the characteristics of financial transactions “that may be associated with the laundering of proceeds of crime through the legal profession.”...