Legal tech is growing fast. But with so many new firms on the market, how can law firms ensure they’re getting the best possible service? The answer is with a solution that unifies innovation across the entire compliance and onboarding flow. And that solution is Checkboard. According to new data from the government-backed industry advocacy […]
Are disconnected platforms causing frustration for your different teams? If you’re using one system for onboarding and another for payments, you’re creating friction between your conveyancers and your accounts department. It means you’re spending too much time manually linking client accounts that could be better spent serving clients and growing the business. So, what’s the […]
Have you ever used the electoral roll to verify someone’s address, only to run into a whole host of red flags? If you’re using the electoral roll as your source of truth, you’re actually putting yourself in danger of being fooled by bad actors. That’s because it’s all too easy to edit by individuals looking […]
Checkboard helps you get your clients legally ready quicker. If you’re still using manual checks, you’re probably spending a lot of time on aml checks that could be better spent progressing cases. Manual checks also raise the risk of human error, and in a profession in which accuracy is critical, any mistake can result in […]
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 […]
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 […]
The UK government’s new industrial strategy promises a new approach to AML regulations, aimed at reducing the burden on small law firms and unlocking their potential for growth. In particular, it wants to see small firms adopt the very latest technology to help them thrive. What’s the new UK AML strategy? The UK government is […]
You may have seen stories emerging over the last few months of AI-generated ID and passport images that are apparently good enough to fool identity verification systems. No longer are fake passports the province of dodgy dealers in back alleys: now, thanks to generative AI, anyone can create an authentic-looking identity document with just a […]
Law firms still using manual or in-person identity verification checks are in danger of falling behind. Manual form filling and data entry is a labour-intensive process, resulting in slow response times, inefficiencies, and delayed transactions, as well as raising the risk of human error. The latter, in particular, can pose security challenges that damage your […]
