Register of Overseas Entities: Why and when?
Mike Ward, Founder & Executive Chairman of Armalytix, talks all things ROE Following the invasion of Ukraine, the Economic Crime (Transparency and Enforcement) Act 2022, which had been slowly working its way through parliament since 2018, was accelerated and rapidly passed. Alongside other measures designed to combat financial crime, a key component of it was […]
Thirdfort and InTouch partner to help conveyancers tackle fraud risks
The partnership aims to tackle surging money laundering risks and the growing compliance burden for property lawyers Thirdfort, the risk management platform combining Know Your Client (KYC), Anti-Money Laundering (AML), and Source-of-Funds (SoF) verification, has partnered with conveyancing Case Management Software (CMS) InTouch. The partnership is part of Thirdfort’s strategy to better help property professionals […]
What do the regulators expect from lawyers in relation to Source of Funds?
Policies and procedures to ensure law firms have detailed risk protocols that keep most MLROs, MLCOs, and COLPs up at night – just ask them. When in place, these procedures can help to identify bad actors trying to legitimise the proceeds of criminal activity through high-value property investments. The UK’s second place ranking in the […]
“We want our lawyers to enjoy conveyancing again,” says firm after hiring psychologist
A firm that recently hired an in-house corporate psychologist has said it did so with the aim of “getting their lawyers to actually enjoy conveyancing again”. Specialist firm Elite Conveyancing, based in Cambridge, hired corporate psychologist Steve Wood earlier this month. This, says the firm, will help keep its lawyers in peak performance and promote […]
