Lawyer Checker – the risk management tool for the modern conveyancer

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3 September 2014


With scam alerts from the SRA almost daily, conveyancing firms in particular are becoming more vulnerable to identity theft, and client purchaser’s money is being put at risk.

By implementing Lawyer Checker into a conveyancing transaction, conveyancers are able to offer themselves, and their clients, a further cloak of protection.

By understanding where money is being transferred, knowing the account number provided by the vendor conveyancer has a history of frequent and large transactions, clients and conveyancers can feel more comfortable when sending large funds.

In order to adhere to Outcomes Focussed Regulations and all that a law firm’s COLP and COFA faces, a tool like Lawyer Checker only further serves to enhance the ‘belts and braces’ attitude to compliance now expected of the profession.

Download the Lawyer Checker whitepaper for COLPs here.

 



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Know your client checks – A lesson from BHS

Paul-Bennett for Legal Futures

As you will be aware, it is a legal requirement for advisory firms to carry out ‘know your client’ checks. The purpose of doing so is to confirm your client’s identity and to seek to provide protection in respect of anti-money laundering (AML) and terrorist financing laws. The BHS experience before the House of Commons’ work and pensions committee and business, innovation and skills committee shows that firms need to think beyond AML obligations.

September 29th, 2016