AML for conveyancing is increasingly faced with a stark choice: adopt new technology or stick to tried-and-tested methods. Those that embrace change are already moving faster and winning more new clients than their competitors still relying on manual processes. How AML for conveyancing is evolving Conveyancing, like many legal professions, is based on trust. Trust […]
Law firms and conveyancers are increasingly turning to online identity verification tools to automate workflows and make important gains in efficiency and productivity. But the wrong technology can have the opposite effect. Many platforms offer a one-size-fits-all model that may look attractive from the outside, but in reality leaves firms bogged down in irrelevant data […]
Since 2020, The Agent Site has been performing fast, accurate AML and source of funds checks for homebuyers, delivering reports to solicitors and conveyancers to help get them legally ready for completion. To find out how Checkboard has made The Agent Site faster, more streamlined, and more scalable, we spoke to Founder and CEO Fiona […]
Whether it’s by the SRA, CLC, or HMRC, there’s always an audit just around the corner. Instead of scrambling to get your reports ready at the last minute, you can win peace of mind and get your clients legally ready faster by proactively embedding compliance across your workflows. Audits don’t need to be stressful Audits […]
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 […]
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 […]
