Vendor fraud has become one of the most disruptive and costly threats in the conveyancing sector. The SRA highlighted it as an emerging risk in its 2024 AML Sectoral Risk Assessment, noting a sharp rise
The Solicitors Regulation Authority (SRA) has issued updated guidance on money laundering: for conveyancers, this is more than just another regulatory update. Property work continues to be singled out as one of the highest risk
It’s no secret that conveyancers have found themselves in the crosshairs of the Solicitors Regulation Authority (SRA) recently. We have seen a raft of fines handed down over the past few months making it crystal
When it comes to anti-money laundering compliance, conveyancing law firms are increasingly walking a tightrope between legal professional privilege (LPP) and the duty to report suspicious activity. The stakes are high, but the guidance can
Amidst property searches, chains and deadlines, there’s always that lingering question at the back of the conveyancer’s mind: “Where did this money really come from?” Source of Funds (SoF) and Source of Wealth (SoW) checks
We all know that conveyancing is a known high-risk area for money laundering – criminals exploit property transactions, especially high-value or opaque deals, to wash illicit funds into the legitimate economy. Recent analysis underscores the