Law firms have been warned they must do more to properly assess money laundering risk after a report last week identified 1/3 of firms are still not fully compliant with their obligations. The scale of non-compliance Read More
Guidance on how to implement legislative changes and regulatory guidance within your conveyancing practice. Remaining compliant is a key indicator that you take your position as a conveyancing professional seriously and offering the best quality service provision. If there are any updates you’d like us to cover, please email press@todaysconveyancer.co.uk.
The latest Anti-Money Laundering (AML) annual report from the Solicitors Regulation Authority (SRA) has been released, detailing the regulator’s stance and approach to AML regulation for law firms. In it, the SRA warns that Read More
Conveyancers and home movers have been warned about the increased risk of “Friday afternoon fraud” after data from UK Finance showed £22.5 million of bank transfer losses via the inter-bank Chaps system. The warning, which comes Read More
The agenda for the Conveyancing Association Conference 2023 has been confirmed. Hosted at the Leonardo Royal Hotel in the heart of the City of London on 7th February, the conference will discuss a range of topics Read More
In the latest Today’s Conveyancer podcast David Opie is joined by Scott Reece. With a background in the installation of technology in medical practices, Scott (by his own admission) was somewhat of a novice Read More
The implementation of a Register of Overseas Entities (ROE) will help law firms tackle the opaque nature of foreign ownership and support efforts to tackle money laundering in the UK property market, says Mike Ward, Read More
Tech comparison index will enable conveyancers to benchmark against peers
Conveyancing firms will be able to compare their technology and digitisation against peers with the launch of the Digital Conveyancing Maturity Index by conveyancing technology platform provider InfoTrack. Claimed to be an industry first, the Read More
When I speak to service providers I often get asked to advise them on what their approach should be if, having received a complaint from a client, they find that things had gone wrong and Read More
SRA fining powers increased to £25,000 despite industry push-back
The Solicitors Regulation Authority (SRA) will be given new powers to fine rule-breakers up to £25,000, under measures introduced last week. The changes mean the SRA can now fine law firms and individual solicitors for a Read More
Up to 70% of property firms surveyed for an anti-money laundering campaign have not changed their approach to onboarding new customers since sanctions were imposed on Russia after its invasion of Ukraine. The disturbing statistic is Read More
Credas Technologies, the anti-money laundering checks provider, has revealed that a record number of AML checks were carried out during the first quarter of 2022 across the UK property industry, as the sector continued to wage Read More
Brian Rogers is well known in the legal services sector as one of the founders of compliance software solution Riliance, and is now Regulatory Director at The Access Group. Having worked with law firms on Read More
Each year there are over 1.5 million homes listed for sale in the UK and the potential sellers of each all require anti-money laundering (AML) checks – often there’s more than one check per property in Read More
Government’s intent to legislate on identity & legal sector response
The sad events in Ukraine have forced the government and the property industry to pay even more attention to where client money comes from and who their client is. This has had serious implications for Read More
Credas Technologies, an identity verification service, has revealed that there were an estimated 5.5m anti-money laundering (AML) and identity checks conducted across the UK property market over the last year, at a cost of £15.5m. Read More
In this episode of the Today’s Conveyancer Podcast, David Opie speaks with Stuart Young of MyIdentity about the work being done to improve the process of verifying the identity of home movers in the Read More
Index Property Information has announced a new series of ten, hour-long webinars focusing on residential and commercial leasehold transactions. The free sessions are suitable for any legal professional undertaking leasehold conveyancing and will examine a Read More
Firms who generate the most complaints will pay more
The Council for Licensed Conveyancers (CLC) has won approval to overhaul how it calculates and collects regulatory fees from the practices it regulates, so it can now recharge more of the cost of the Legal Read More
- A reflection on National Conveyancing Week
- Diary of a high street conveyancer: 18th March 2024
- Interview: Sarah Bent, Partner and Head of Residential Conveyancing at Hegarty’s
- National Conveyancing Week 2024 Special Episode – HMLR in Conversation
- Finders International: Streamlining Property Matters with Missing Freeholder Services
- Building Safety Act: A review of the Law Society Guidance
- Are We Forgetting The Homeowner?
- Diary of a high street conveyancer: 26th February 2024
- Diary of a high street conveyancer: 19th February 2024