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Funds Transfer Instructions Verification Checklist

Wire fraud is common, and it is costing Ontario lawyers money, time, anxiety, and loss of reputation.

Any time you are transferring funds, you are at risk of being a victim of fraud. Consider using this checklist, based on a document created by the Law Society of British Columbia’s Lawyers Indemnity Fund (LIF), for every wire transfer. The best way to avoid these costly frauds is to ALWAYS independently verify wire instructions by calling to confirm them before transferring funds and implement 2-factor authentication on your email programs.

Land Acknowledgement

The offices of LAWPRO are located on the traditional territory of many nations including the Mississaugas of the Credit, Anishnabeg, Chippewa, Haudenosaunee and Wendat peoples. Toronto is covered by Treaty 13 with the Mississaugas of the Credit. LAWPRO respects and acknowledges the histories, languages, knowledge systems, and cultures of First Nations, Metis, and Inuit nations.

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