How has Coronavirus changed criminal behaviour?
Changing criminal behaviour due to lockdown means new methods of money laundering are being found and conveyancers must be aware.
Internet Conveyancing Fraud
Internet conveyancing fraud is on the increase and fraudsters are using increasingly sophisticated methods to divert funds.
SRA concerned with money laundering
The Solicitors Regulation Authority are contacting thousands of firms to ask what measures they have in place to combat money laundering. Over a fifth of firms reviewed by the SRA have failed to create the required risk assessment protocols to sufficiently protect against money laundering.
Budget 2020 and the housing market
The chancellor has announced his first budget with the aim of supporting the economy though an uncertain time with brexit and CoVid19.
Money laundering risk found in SRA review
The Solicitors Regulations Authority following a review of 59 practices providing trust and company services, has found that a number of law firms are not doing enough to prevent money laundering.
Can Land Registration Act changes help fight fraud and improve conveyancing?
Improvements to Land Registration will help fight fraud and Redbrick Solutions AML and ID checks can help make you fully compliant.