UK: FRAUDSTERS ARE USING POWER-OF-ATTORNEY RULES TO STEAL PEOPLE’S HOMES

On 26 December, the Guardian reported that the system for taking control of a person’s financial affairs is “wide open” to fraud, and that a BBC Radio investigation revealed that the application process for obtaining the document known as a lasting power of attorney (LPA) has no routine identity checks or effective fraud controls.  The stamped paper documents can be checked by organisations such as banks and investment firms against a national register.  The Ministry of Justice has recently completed a consultation on proposals to modernise LPA aimed at making the system more secure – and this includes proposals for better identity checks.

https://www.theguardian.com/money/2021/dec/26/fraudsters-are-using-power-of-attorney-rules-to-steal-peoples-homes

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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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