Money laundering update: New obligation could create ‘insurmountable problems for agents’ (PIE)
There is no doubt that if the obligation to ID buyers is included in the new Money Laundering Regulations, it will create insurmountable problems for agents.
Partners who were “authors of their own misfortune” fined £35,000 by SDT (LF)
Two partners at a high street firm have each been fined £35,000 by the Solicitors Disciplinary Tribunal for multiple accounts rule breaches – very much at the higher end of […]
Redress schemes unite to say they will publicly name and shame all rogue agents (PIE)
The three government approved redress schemes will in future jointly and publicly name and shame both rogue estate and letting agents.
Competition tribunal scolds Law Society over disclosure failure (LF)
The president of the Competition Appeal Tribunal has reproached the Law Society for a “deeply unimpressive” explanation of its failure to disclose all the documents it should have done in […]
Computer ransomware attacks: ‘no good blaming the victims’ (LSG)
Businesses should brace themselves for more attacks with ’ransomware’ – virus programs which freeze computers until a ransom is paid – experts in cyber security and law have warned.
Socrates case stayed for quantum discussions as tribunal orders Law Society to pay up to £230,000 in costs (LF)
The fall-out from the decision that the Law Society breached competition law looks set to last for several more months after the Competition Appeal Tribunal laid out the timetable for […]
Sales progression tool claims to identify property chain bottlenecks (EAT)
A sales progression tool claims to have analysed how long it takes to expedite sales chains of different lengths, and to have identified regional variations.
Latest on new Money Laundering Regulations: Agents can relax about the deadline (PIE)
David Beaumont, who provides Property Industry eye with free compliance helpline for its subscribers, has issued some advice to agents about the impending new Money Laundering Regulations.
Conveyancing Association launch new Cyber Newsletter (IC)
The Conveyancing Association, the leading trade body for the conveyancing industry, has launched its new Cyber Newsletter covering off a whole host of topical cyber-related issues and providing tangible advice […]
SRA expects investment scams to increase calls on compensation fund as value of open claims hits £42m (LF)
The Solicitors Regulation Authority (SRA) is anticipating a bump in claims on its compensation fund as a result of solicitors becoming involved in dodgy high-yield investment schemes, it emerged yesterday.
Banned conveyancer worked for three firms after changing name (LSG)
A conveyancer who changed her name after being banned from working in the legal profession has been jailed for five years for stealing more than half a million pounds from […]
Law firm loses £110,000 after e-mail scam as serial conveyancing fraudster faces jail (LF)
A law firm has lost more than £100,000 from a property transaction after falling for an e-mail scam, it has been reported.