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Risk Management & Claims Prevention

How to ensure you have secure funds


[Updated May 14, 2024] Article highlights: 1.For funds to be truly irrevocable, you need a PCRN. Anything else is a risk. 2.Financial institutions that have adopted the Uniform Treatment of Wire Payments have agreed to treat “On-Us” funds (e.g. when the payee and the payor are at different branches of the same financial institution) as… Read More »

Categories: Fraud Prevention

Are you ready for the Law Society’s new client ID requirements on January 1, 2024?

As of January 1st, 2024, the Law Society of Ontario requires lawyers who only meet with clients virtually to verify their clients’ identity online by authenticating their identification documents, or using an alternate, approved verification method. This ends the emergency virtual-verification measures that permitted verification through simply viewing identification documents online. The virtual authentication of… Read More »

Categories: Fraud Prevention

New wellness resources from the Member Assistance Program

Beginning December 1, Homewood Health will be updating the web portal to incorporate the new “Pathfinder” user-interface system. Through a series of simple questions, the anonymous Pathfinder system will quickly guide lawyers to curated lifestyle coaching, counselling, peer-support, and online resources that are directed at the specific needs of each lawyer. Lawyers can book… Read More »

Categories: Wellness and Balance

Federation of Law Societies launches online program to combat money laundering risks


The Federation’s of Law Societys has launched an online learning program entitled “Anti-Money Laundering and Terrorist Financing in the Canadian Legal Profession”. The program is free and the Law Society of Ontario has accredited the program for 3 hours and 45 minutes of Professionalism content. From the website: “The practice of law exposes legal professionals… Read More »

Categories: Fraud Prevention, Technology

Police release photos of suspects in mortgage fraud


See the Toronto Star article for the photos: Toronto police are asking for help identify two people who allegedly impersonated homeowners and sold their home without consent last year. Investigators say the owners of a Toronto property were out of the country on business in January 2022 when two people used fake identification to impersonate… Read More »

Categories: Fraud Prevention

Land Acknowledgement

The offices of LAWPRO are located on the traditional territory of many nations including the Mississaugas of the Credit, Anishnabeg, Chippewa, Haudenosaunee and Wendat peoples. Toronto is covered by Treaty 13 with the Mississaugas of the Credit. LAWPRO respects and acknowledges the histories, languages, knowledge systems, and cultures of First Nations, Metis, and Inuit nations.

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