Welcome > ADMA > Your Enquiry > Client Identification & Verification > Monitoring requirements
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In brief: While you are retained in respect of a “financial transaction” (defined in Law Society Rule 3-98), you must periodically monitor the professional business relationship with clients. The degree and nature of periodic monitoring should be commensurate with the degree of risk associated with the client and the legal services provided. You must keep a record of the measures taken and the information obtained.
Rules - Definitions of “financial transaction” and “money”: Law Society Rule 3-98.
Rules - Monitoring - Law Society Rule 3-110.
Practice Resource - Learn more about monitoring: Client ID & Verification - FAQs.
Practice Resource - See New client verification and source of money requirements, Winter 2019 Benchers’ Bulletin (p.13) for an overview of the requirements.
Practice Resource - Red Flags Quick Reference Guide
Practice Resource - Canadian Sanctions Related to Russia and Belarus: Implications for the Legal Profession, Federation of Law Societies of Canada (April 2022)
Practice Resource - Anti-Money Laundering Webinar: See in particular 53:00.
Rules - Exemptions: Law Society Rule 3-99.
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