Finance SIG - Client Identification
Description
Know Your Client: Understanding the New Requirements and Preparing to Comply.
We know it’s coming effective October 31, 2008 – a new Law Society compliance regime developed to address obligations imposed by the Federal government to prevent money laundering, terrorist financing and other illegal activity across Canada.
Coined as the ‘Know Your Client’ Rule, the thrust of the compliance regime relates to client identification as well as verification of that identification in certain circumstances. This program is a follow-up to our June presentation and is intended to help clarify some of the misunderstandings around the requirements and to provide guidance on how to prepare your firm to be compliant and manage the new information that you will be required to obtain and record.
Know Your Client: Understanding the New Requirements and Preparing to Comply. We know it’s coming effective October 31, 2008 – a new Law Society compliance regime developed to address obligations imposed by the Federal government to prevent money laundering, terrorist financing and other illegal activity across Canada. Coined as the ‘Know Your Client’ Rule, the thrust of the compliance regime relates to client identification as well as verification of that identification in certain circumstances. This program is a follow-up to our June presentation and is intended to help clarify some of the misunderstandings around the requirements and to provide guidance on how to prepare your firm to be compliant and manage the new information that you will be required to obtain and record. Our Speaker, Karen Bell is a lawyer with over 25 years of experience in the practice of law. As counsel, she advises law firms and legal departments on risk management, client service, knowledge-sharing and practice efficiency. She has a unique skill set developed from a number of legal practice experiences: first, as a business litigator for 18 years at Cassels Brock & Blackwell LLP; then as Risk Management Counsel to the Lawyers’ Professional Indemnity Company where she created practicePRO, a risk and change management program for lawyers; and thereafter, as the architect and leader of a national, multi-faceted knowledge management strategy at Gowling Lafleur Henderson LLP. Our Speaker, Karen Bell is a lawyer with over 25 years of experience in the practice of law. As counsel, she advises law firms and legal departments on risk management, client service, knowledge-sharing and practice efficiency.
She has a unique skill set developed from a number of legal practice experiences: first, as a business litigator for 18 years at Cassels Brock & Blackwell LLP; then as Risk Management Counsel to the Lawyers’ Professional Indemnity Company where she created practicePRO, a risk and change management program for lawyers; and thereafter, as the architect and leader of a national, multi-faceted knowledge management strategy at Gowling Lafleur Henderson LLP.