In a new podcast for the Risk and Compliance Service, Pearl Moses and Peter Rodd discuss the implications of the Money Laundering Regulations 2017 for conveyancing and property practitioners
New advice for conveyancing solicitors, developed jointly by the Law Society and Land Registry, will help solicitors spot and avoid ever-evolving threats of fraud
On 4 April, HM Revenue & Customs launched the HMRC Fraud Hotline, a new service designed to simplify the fraud reporting process. The new telephone number and new online form will replace two separate tax evasion and customs hotlines
Law Society launches new webpage dedicated to helping firms protect themselves against being scammed and providing them with help and support if they have fallen victim to scamsters
Land Registry has warned that some customers, including solicitors, have recently received fake or ‘phishing’ emails claiming to be requisitions or replies to requisitions from Land Registry
Anti-money laundering supervisors across the UK legal sector have warned that a new report published by the Home Office and HM Treasury on the risks of money laundering and terrorist financing lacks balance and, by its own admission, is not backed up by robust intelligence
On 31 July, the Law Society issued an updated practice note on mortgage fraud, to highlight new criminal methodologies. Practice notes are available online, free of charge
‘Friday afternoon fraud’, the practice by which law firms are tricked into giving bank details to fraudsters, usually as conveyancing transactions are being completed, is now the biggest cybercrime afflicting the legal sector. Using a real-life case study, Oz Alashe, CEO & founder of Cybsafe, illustrates the real risks, both financial and reputational, that Friday afternoon fraud can wreak on your firm, and ...
Warren Gordon looks at new Land Registry proposals to roll out the use of electronic signatures for registrable documents, and the potential implications for security and fraud in conveyancing transactions
The ripples are still being felt from the recent cases of Purrunsing, P&P and Dreamvar. How are law firms responding, especially in the current limbo before the P&P and Dreamvar appeals? Maria Shahid investigates
The fourth Anti-Money Laundering Directive will be transposed into law in England and Wales on 26 June. But, Alex Ktorides cautions, property practitioners may still not be aware of the potentially significant effect of the directive on their work
Peter Rodd has been leading our series of fraud and cybersecurity seminars taking place until the end of June. Here, he shares a real-life example of mortgage fraud and the warning signs that the conveyancer failed to spot.
In recent years, the role of the conveyancer has expanded significantly, particularly around searches, while fees have dropped radically, argues Peter Rodd. But does the solution lie in the hands of the profession itself?
Every day in this country, conveyancing firms face attempted attacks from cybercriminals. Graham Murphy offers some real-life tales of successful cybercrime, and looks at what those involved could have done to protect themselves
The Property Section will be running a series of seminars on fraud and cybercrime this spring. Peter Rodd looks at the challenges facing conveyancers, and the steps you need to take to protect yourself now and in the future
Peter Irvine looks at the potential hazards faced by solicitors dealing with conveyancing transactions with a foreign element, including where payments come from a third party, and how to minimise the risks
The High Court decision in Purrunsing v A’Court & Co is an important judgment on the liability of a seller’s solicitor and buyer’s solicitor where the buyer is the victim of a fraudulent seller. Warren Gordon explains
Conveyancing continues to generate a significant number of professional indemnity insurance claims. Mark Carver looks at the reasons why, and the steps firms can take to mitigate their risk exposure
As part of our focus on fraud, Richard Hill looks at the challenges facing Land Registry, and the protections available to registered proprietors to guard against registration fraud
In the first article of our series focusing on fraud, Peter Rodd provides a practitioner’s perspective on fraud in residential conveyancing and practical steps to mitigate the risk.
With over a third of all professional negligence claims emanating from conveyancing, and insurance costs rising, effective risk management is crucial. Amy Bell provides an overview of some of the common causes of claims, and offers strategies to mitigate them
Paul Philip will be giving the keynote plenary speech at the National Property Law Conference in October. Here, he outlines some of the findings from the SRA’s 2014 Risk Outlook and gives the SRA’s perspective on where firms need to be extra vigilant
Conveyancing has traditionally been considered a high-risk area for complaints and insurance claims from both clients and lenders. Steve Ray explains how conveyancing firms can allay these concerns for the insurers and get the best out of this year’s renewal process
Peter Rodd comments on risk in conveyancing transactions
With the sobering news in January that 136 firms have folded, having failed to obtain professional indemnity insurance, Peter Rodd explains how firms could better manage risk to avoid becoming another statistic.
Solicitors’ involvement in property fraud may be very small, but they remain an attractive target for fraudsters, with potentially dire consequences for both them and their firms. Grania Langdon-Down looks at what solicitors can do to protect themselves
Alison Clair looks at property fraud, particularly where the property is retained, how mortgage lenders are combating it, and how solicitors and mortgage lenders can work together to stamp it out