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Canada’s Supreme Court to Rule on Whether AML Regulator Can Search Legal Records
By Brian Monroe
printCanada's highest court will determine whether attorneys must retain client data for regulatory purposes and whether the nation's financial intelligence unit can retain and share such records following onsite searches. On Tuesday, Canada's nine Supreme Court justices heard arguments from the country's chief prosecutors in favor of retaining the powers granted under amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act of 2001. British Columbia's Supreme Court and Court of Appeal ruled in 2011 and 2013 that the law "interferes to an unacceptable degree with the solicitor-client relationship." The court is expected to rule on the case...
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