viii ONTARIO REPORTS JANUARY 12, 2018
Call for Input: Proposed Amendments
to the Anti-Money Laundering Model
The Professional Regulation Committee would like to hear from
lawyers, paralegals and the public about potential changes to the anti-money laundering Model Rules of the Federation of Law Societies of
Canada (FLSC). If changes are made to the Model Rules in this area, the
amendments would be forwarded to Law Societies for adoption. Changes
to the Law Society’s Rules and By-Laws would require the approval of
The Committee is reviewing proposed changes to the Model Rules in the
• the “no cash” Model Rule;
• client identification and verification requirements; and
• trust accounting provisions.
In responding to the FLSC’s call for comment, the Committee would
like to take into consideration responses from lawyers, paralegals and
others to its call for input. For more information about this initiative,
including a consultation paper prepared by the Committee explaining the
proposed changes and to submit comments, please visit http://www.lsuc.
on.ca/money-laundering-rule-consultation/. The Committee is requesting
submissions by February 15, 2018.
Notice to the Professions