The Fifth Money Laundering Directive (5AMLD) will be introduced on 10th January 2020 where it will attempt to tackle head on the issues of money laundering. The 5th Directive will affect those practitioners who carry out 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.
Regulatory change is imminent for law professionals and law firms as the new SRA Standards and Regulations comes into force on 25th November. In just a few days, the 2011 SRA Handbook will be replaced with Read More
As the Fifth Money Laundering Directive (5AMLD) will be introduced on the 10th January 2020 which supersedes the Money Laundering Regulations from 2017, George Stark, director of Veriphy, who provide intelligent compliance for professionals, talks through what Read More
Shielding Firms And Clients From The Digital Threat: SRA Risk
In the opening six months of 2019, law firms reported that £731,250 worth of client money was lost to cyber crime, prompting the Solicitors Regulation Authority (SRA) to deem cyber crime to be one of the greatest Read More
Law Firms Improving Anti-Money Laundering Procedures
Law firms are improving their processes when it comes to anti-money laundering procedures. Reports, about concerns involving law firms handling client money, submitted to the Solicitors Regulation Authority (SRA) by accountants, have fallen by 13% in Read More
As the General Data Protection Regulation (GDPR) nears its 18 month anniversary, recent research conducted by software supplier Egress have revealed that only 48% of UK businesses are fully compliant with the rules. Organisations had taken their Read More
Booking is now open for the Legal Eye Conference ‘The real cost of Risk Management’ which is taking place on Thursday 14th November. Legal Eye are running the conference alongside The Cashroom focusing on the Read More
The Law Society has today, Monday 19th August launched its Conveyancing Protocol 2019, which has replaced the previous 2011 version. The update comes following changes to the Conveyancing Quality Scheme effective from May 2019 and addresses some of Read More
According to a Twitter poll conducted by Tripwire, the fines given to companies who have broken GDPR laws are still not high enough, despite being in the millions. The mutually agreed General Data Protection Regulation (Read More
The Solicitors Regulation Authority (SRA) revealed that there was a 43% increase in money laundering reports in the opening nine months of 2018. In 2017, 152 reports of money laundering allegations were made against SRA regulated law firms. Unfortunately, Read More
Government Respond To Select Committee Leasehold Review
The Government has issued a clear warning shot to solicitors putting their own needs in front of their client’s best interests. In the Government’s response to the Housing, Communities and Local Government Select Read More
FCA Fine Bank Of Scotland £45 Million For Fraud Non-Disclosure
The Financial Conduct Authority (FCA) has fined the Bank of Scotland (BOS) £45 million for failing to disclose information about suspicions it held regarding suspected fraudulent activity within the bank’s Impaired Assets (IAR) team at Read More
Law Commission Recommend Less Confusing AML Regulations
The Law Commission have called for more specific guidance to help improve anti-money laundering (AML) in the UK. The UKFIU processed 463,938 Suspicious Activity Reports (SARs) between April 2017 and March 2018, a 9.8% increase on the volume of Read More
The average leaseholder is now paying £319 in ground rent costs every year and have experienced an above inflation rate annual average rise of 5%. According to the NAEA Propertymark’s ‘Leasehold Report’, leaseholders are now paying Read More
The General Data Protection Regulation (GDPR) became law in May 2018. Data security is extremely serious as failure to comply could have major consequences for your firm – with the bottom line being it could cost your Read More
The Law Society have announced that the current practising certificate (PC) fee has been frozen for the third year in a row as regulators look to offer value for money and increase efficiency. The fee Read More
Having investigated 1,560 conveyancing related complaints last year alone, the Legal Ombudsman (LeO) have been reiterating the advice they offer to law firms in a bid to reduce this number in the future. Of the total, Read More
In March, 40 house builders and developers signed up to a voluntary 14-point pledge designed to end the practice of unfair and onerous leaseholds. Many of the most influential home builders have committed themselves to the Read More
Housing Minister Announce Stricter Rules On Electrical Safety To Safeguard
The Housing Minister has introduced mandatory rules on electrical safety to protect tenants. The new rules ensure compulsory electrical inspections are being carried out by skilled and qualified electricians in private rented accommodation – offering greater Read More
With just three days to go until property and probate lawyers have to publish certain price, service and quality information on their websites (or in alternative formats if requested), the Council for Licensed Conveyancers (CLC) Read More
- A reflection on National Conveyancing Week
- Market conditions, the material information debate, and normalising climate change
- Diary of a high street conveyancer: 25th March 2024
- 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?