Just to clarify and maybe to help give you some more context, up until 2015, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act that was enacted in 2000 guided lawyers with respect to anti-money-laundering and anti-terrorist financing rules. The Supreme Court struck a portion of the law down because it constituted an unreasonable search and seizure of lawyers.
It also provided in its ruling a path for the federal government to enact new legislation that would allow for continued federal oversight. In the last eight years, no legislation has been forthcoming, so law societies have undertaken to enact self-regulatory rules themselves.
Many critics have said that you could drive a Mack truck through these rules. It's a big part of why we have significant sanctions evasion taking place here in Canada.