Money laundering has a new foe – and regulated industries need to get familiar with it. The Economic Crime and Corporate Transparency Act 2023 (ECCTA) sets out a new approach to AML, and its measures are beginning to take effect. With £10 billion laundered annually through real estate transactions (according to the National Crime Agency), […]
Homey connects solicitors and estate agents on one platform, powering lightning-fast conveyancing. It aims to make the entire conveyancing process fast and efficient, eliminating admin and automating workflows. We spoke to Homey’s CEO and founder Say Vivekanantham to find out how Checkboard’s approach to compliance checks has helped them serve their clients faster and more […]
John German Estate Agents has been selling, letting, and valuing homes since the nineteenth century. Still independently owned, it has established itself as one of the most trusted estate agents in the Midlands. To find out more about how Checkboard is helping this venerable institution adapt to the modern property market, we spoke to Operations […]
According to a recent report by the Solicitors Regulation Authority (SRA), solicitors are still “high risk” for money laundering. Despite cases remaining low overall, the SRA identifies lawyers as a weak link in the compliance chain. Criminals target the legal profession for the legitimacy it offers, but they’re being enabled by crooked solicitors. So says […]
Across the conveyancing landscape, automation is unlocking serious growth. From small practices to conveyancing giants, firms are adopting tech solution to onboard clients faster and more efficiently. But what does automation look like in practice, and what are the real benefits to this revolution? Scale efficiently with automation For many firms, growing the business simply […]
For conveyancers, the entire customer relationship is important. But the first ten days set the tone for every transaction. That’s why getting those early steps right is vital to your success. Why are the first ten days important? The moment a client instructs you, the countdown begins. These first ten days are the critical window […]
Anti-money laundering (AML) compliance is often treated as a chore. But in the right hands, it’s also an important way to signal trust. Conveyancing firms need to understand how to make it work as a tool for increasing their reputation. Why is good compliance important? AML compliance is important. For many firms, however, it’s just […]
Legal professionals are inadvertently facilitating money laundering. The government calls these “professional enablers” – individuals or organisations that have failed, whether by negligence or deliberate action, to do their due diligence. Conveyancing, trusts, and management of client accounts are considered the most high-risk areas for money laundering due to the large sums of money involved. Compliance […]
Your estate agent or conveyancer may have asked you to provide evidence for anti-money laundering (AML) checks. This is now a normal and necessary part of the process of buying a house. But what exactly is the danger of money laundering, and what checks must conveyancers and estate agents perform to help them meet their […]
For letting agents, tenants, and landlords, renting property is fraught with difficulty. Property owners face legal and financial risks from prospective tenants with no right to rent, while some renters find themselves forking out thousands of pounds to landlords who don’t even have legal rights over their property. To avoid these legal, financial, and reputational […]
