How Accountants can meet Companies House CDD and AML rules easily and affordably
Recent discussions with colleagues in the accountancy sector have been dominated by the new client due diligence identity and anti-money laundering checks they need to undertake, mostly dictated by the Economic Crime and Corporate Transparency Act (ECTA) and the Anti-Money Laundering (AML)Regulations which seek to address the alarming rise in the level and sophistication of […]
A step by step guide to meeting the latest AML client due diligence guidance
In its Anti-Money Laundering Guidance for the Legal Sector 2025, the Legal Sector Affinity Group outlines a number of updated steps and processes that should be taken by law firms to comply with regulations and help prevent money laundering. Below, we have set out the Client Due Diligence compliance requirements outlined by the Law Society […]
The Importance of AML Checks for Legal and Accountancy Firms
With financial transactions taking place digitally and instantly across the globe, there has been an increasing need for robust anti money laundering (AML) measures to help combat financial crime and identity fraud, with a growing legal obligation on the Accountancy, Legal, Property, Banking and Financial sectors to carry out a high level of due diligence […]
Top 10 tips for purchasing the right conveyancing software
As a conveyancer you’re probably receiving a large number of emails from legal tech suppliers promising to make your life easier, keep you compliant and mitigate your firm’s risk. New products are arriving on the market at breakneck speed and the choices can be overwhelming. It might be beneficial to take a breath and think […]
10 Tips to Prepare Your Clients for Remote ID Checks and Speed up Onboarding
Are you doing enough to prepare your clients for their digital identity checks? As a professional services firm, you may have moved to carrying out your KYC and AML checks remotely, which is saving you time and reducing risk. However, in our experience, the firms that prepare their clients by letting them know what to […]
How conveyancers can reduce the risk of mortgage fraud
According to Action Fraud, there are a number of ways in which mortgage fraud can occur and conveyancers, who act for both the purchaser and mortgage lender, have a duty to carry out KYC and AML checks that reduce risk and help them stay compliant. Some of the most common methods of fraud are listed […]
Tomorrow’s Conveyancers: Adapting to the New Digital Trends
The UK conveyancing industry is evolving rapidly due to advancements in technology, shifts in client expectations, and changes in work practices. Future conveyancers will operate in a landscape vastly different from today, requiring new approaches in recruitment, processes, leadership, technology, and customer service. This article explores the key trends likely to shape the future of […]
Could Using the Right Regulatory Technology Improve Your PII Costs?
Could Using the Right Regulatory Technology Improve Your PII Costs? Professional Indemnity Insurance (PII) is a crucial safeguard for legal professionals, protecting them against claims of negligence or errors in their services. For conveyancers, PII is essential as it covers legal costs and any damages awarded, ensuring their financial stability in the face of potential […]
Upfront Information Requirements in UK Conveyancing: How Tech Solutions Can Help
The conveyancing landscape in the UK is undergoing significant changes with the introduction of new upfront information (UFI) requirements. These changes aim to make property transactions more transparent, efficient, and less prone to delays. For conveyancers, adapting to these new requirements could be crucial. Leveraging technology can not only help meet these requirements but also […]
Navigating AML Compliance: Latest Insights for UK Conveyancers
In the ever-evolving landscape of legal requirements, Anti-Money Laundering (AML) compliance stands as a cornerstone for safeguarding against financial crimes. For UK conveyancers, staying abreast of the latest findings and regulations is not just a matter of compliance but also a vital aspect of maintaining trust and integrity within the legal profession. Understanding the Importance […]
