UK: UPDATED GUIDANCE TO COMBAT CONVEYANCING FRAUD

On 7 August, DAC Beachcroft published an article saying that fraud in the conveyancing sector continues to be a headache for stakeholders and a source of claims against solicitors. On 26 June, the Law Society and HM Land Registry issued joint guidance intended to help combat the fraud. It identifies key risks as impersonation of the seller or the conveyancer, a vulnerable seller, vulnerable property and where there is pressure to quickly close a deal.

https://www.dacbeachcroft.com/en/gb/articles/2020/august/updated-guidance-to-combat-conveyancing-fraud/

https://www.lawsociety.org.uk/topics/property/property-and-registration-fraud

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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