The benefits of Electronic Verification

The world of electronic verification is an ever-evolving industry, with some providers supporting features like facial recognition, authentication of documents, direct access bank account information, and PEP and Sanctions screening.Electronic verification should provide you with a level of certainty that the individual is who they say they are and, for…

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Buying properties with funds from China

Well, the NCA certainly put the cat amongst the pigeons recently at The Law Society’s Anti Money Laundering Conference.This is something I’ve been talking to clients about for about 5 years. In that time there have been some misunderstandings, both on the part of practitioners and law enforcement.The issue surrounds…

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What happens to GDPR on exit day?

GDPR during the transition periodAs we’re all well aware, the UK will finally leave the European Union later today. The UK and the EU will then have until 31 December 2020 (the “transition period”, provided for in the withdrawal agreement) to negotiate an agreement setting out their future relationship. This…

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Preventing a repeat of Dreamvar

Dreamvar – more than a year on …….. so, what has changed?It’s likely most conveyancers will shudder when they hear the name Dreamvar. It’s the case that changed the liabilities and responsibilities of lawyers and conveyancers when dealing with residential property transactions. But in practice, what has actually changed since…

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Top Tips for AML Compliance

In this series, I cover my Top Tips for AML Compliance, here are the first 10……1) Evidencing you have taken your supervisor’s risk assessment into account when preparing your own. All firms must have regard to their supervisor’s risk assessment when preparing their own. (Reg18(2)) Make sure it is mentioned…

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Ark Group Conference Panel

I attended the Ark Group Annual AML Conference in London yesterday to speak on the panel about the challenges for MLROs who are also fee earners in their firm.The session posed questions to the audience, and we, the panel, put our two penneth in.Joining me on the panel was Alex…

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