Fraud prevention resources for legal professionals
As fraud schemes grow more sophisticated, FCT remains Canada's trusted leader in fraud prevention, detection and risk management. We take a proactive, innovative approach to protecting financial institutions, real estate professionals, legal experts and consumers from evolving threats.
To help prevent fraudulent transactions, it's important to follow your Law Society's rules and financial best practices. Here's an overview of some of the resources available from various law societies across Canada.
Canadian Bar Association
This guidance is to help you properly process wire transfers. Avoiding common errors and set-up missteps can avoid delays and ensure timely deposit of funds in the recipient's account.
Law Society of British Columbia
Electronic funds transfers are subject to requirements to guard against fraud and ensure proper security.
Law Society of Ontario
The Law Society of Ontario has a page dedicated to fighting real estate fraud. You can also read frequently asked questions about payment by wire or email transfer.
Law Society of Alberta
To help with fraud prevention, the Law Society of Alberta offers supplemental resources and links provided by other law societies. These can be used to investigate and cross-reference any suspicious communications you may receive.
Law Society of Manitoba
The Law Society of Manitoba provides resources and tips for practice management regarding cyber security.
Law Society of Saskatchewan
The Law Society of Saskatchewan has a page dedicated to Fraud Alerts.
Nova Scotia Barristers' Society
The Nova Scotia Barristers' Society offers tips on safeguarding against wire fraud and emphasizes verifying payment instructions directly with clients.
Law Society of New Brunswick
The Anti-Money Laundering Measures page from the Law Society of New Brunswick outlines regulations and best practices to help lawyers prevent financial crimes and comply with reporting requirements.
Law Society Newfoundland and Labrador
The Law Society of Newfoundland and Labrador mentions that members are being targeted with elaborate schemes that have the appearance of legitimacy. Learn more about the latest fraud scams. Learn more
Law Society of Yukon
The Law Society of Yukon provides fraud prevention resources in their anti-money laundering rules.