Burnaby real estate lawyer Anthony Shiau has admitted that, between May 2021 and March 2022, he made improper trust fund transactions and failed to verify client identification information during a real estate deal, according to the Law Society of B.C.
The Law Society of B.C. has handed a Burnaby real estate lawyer a one-month suspension for professional misconduct.
In December 2021, despite being familiar with the law society’s rules on client identification and verification, he failed to get a U.S. agent to verify the identity of U.S. clients involved in a real estate deal, according to the consent agreement. In March 2022, Shiau got funds wired to him from a U.S. bank account after completing a real estate deal for two clients, but the bank sent the funds in U.S. dollars instead of Canadian dollars.
The clients said they now had a Canadian bank account but didn’t provide Shiau their Canadian banking information until halfway through August 2022.
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