- * Advanced/Update/Intermediate
The risks to conveyancers from unwitting involvement in mortgage fraud transactions include liability for lenders' claims and Land Registry losses, professional censure by the SRA under the Code of Conduct, and even criminal proceedings under the Fraud Act 2006 and the Proceeds of Crime Act 2002.
This highly practical course weaves together the various strands of statutory and regulatory risk in property work, and provides insights to the strategies that all firms need to adopt in order to achieve effective risk management in their firms on these issues.
Mortgage fraud is one of format of criminal conduct, and thus one of the forms of money laundering that firms are most likely to encounter. The special considerations for conveyancers in this regard are also covered.
This course therefore counts as update training as required by the Money Laundering Regulations 2007.
- * Defining the risks faced by property lawyers
- Mortgage fraud indicators from the Law Society and the CML
- The true scope of identity checking obligations under the MLR 2007
so as also to satisfy the Land Registry and lenders
- * The reporting regime under POCA 2002 and the Terrorism legislation -
how does privilege apply to conveyancers?
- * Forms and procedures to counter the risks