The Law Society of B.C. tribunal reviewed and increased professional misconduct findings against Vancouver lawyer Neal Burton Wang, who wired $2.7 million from his trust account to Dubai without making proper inquiries. The tribunal found that Wang’s conduct amounted to professional misconduct, as he failed to fulfill his gatekeeping responsibility and comply with society rules. The panel highlighted the importance of trust account regulations in preventing lawyers from becoming involved in money laundering.
Full Article
Ottawa posts $26.8 billion deficit for April-to-January period
The article reports that Ottawa has recorded a $26.8 billion deficit for the April-to-January period. The deficit is a result of increased spending to support individuals and businesses during the COVID-19 pandemic. The government is facing challenges in managing the deficit and ensuring economic recovery. Full Article
Read more