In December, the Conveyancing Task Force, a group of conveyancers formed to respond to the government’s home buying and selling reforms, published a series of principles and recommendations.
Among its various suggestions, the group has identified overlapping regulations as a serious area of friction and cost.
Reforms, they say, should reduce transaction time, lower fall-through rates, and reduce consumer costs, while also strengthening legal oversight.
It may seem like a contradictory demand, but the right legal regime paired with a strong, reliable technology solution can strengthen anti-money laundering (AML) compliance without compromising speed and time to completion.
Fast, friction-free onboarding
Checkboard is that that solution. With fast, automated onboarding and payments, we turn compliance into one seamless workflow, eliminating friction and improving the time it takes to get clients legally ready.
It’s a simple process:
- Your client receives a link to securely download the Checkboard app.
- They are directed to enter their personal information and upload relevant documents.
- You receive an instant report outlining the completed checks and highlighting any red flags.
And that’s it. Compliance is complete, and you get an audit-ready report sent straight to your dashboard.
It means less time spent onboarding and more time actually serving clients.
Removing uncertainty from reform
Checkboard takes the uncertainty out of any reform because we provide the data you need to meet any regulatory requirements.
Our relationship with reliable data providers such as LexisNexis and Equifax, as well as with the Financial Conduct Authority (FCA) itself, gives unparalleled access to mortgage statements and credit reports that enable us to perform identity and address verification to a much higher standard than other onboarding solutions.
With the sector wary about the direction any reforms might take, it is the role of technology providers like Checkboard to provide certainty and predictability in AML compliance.
To find out more, get in touch with Checkboard today
This article was submitted by Checkboard as part of an advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.
