Fraudsters love the holidays as much as the rest of us. They take advantage of the busy season when we have reduced staff in the office and added distractions.
Watch this three-minute video by Director of Underwriting and Claims Michael Mulhern to stay safe this holiday season and avoid becoming the next victim of funds transfer fraud.
Use a checklist for every payment to avoid becoming the next victim.
If you plan to be away from the office, arrange for a competent lawyer to supervise your practice and provide the lawyer and staff with your contact information. Ensure that the lawyer and staff comply with the anti-money laundering obligations in the Law Society Rules Part 3, Division 11 – Client Identification and Verification and BC Code rule 3.2-7. Further, staff may not deal with trust funds, except in accordance with the Law Society Rules Part 3, Division 7 – Trust Accounts and Other Client Property.