A recent case before the Solicitors Disciplinary Tribunal (SDT) has highlighted the dangers of disregarding formal anti-money laundering (AML) compliance requirements, even for experienced legal professionals. A solicitor was fined £45,000 after failing to implement a firm-wide risk assessment, establish adequate customer due diligence measures, or maintain proper AML policies and procedures. Despite being a […]
Tag: solicitors
‘X-Press Pay’ service set to drive efficiencies and compliance for conveyancers
X-Press Legal Services has launched a new online payment system to facilitate direct payment for search fees by consumers – speeding up the house buying process, reducing risk and ensuring compliance with HMRC. Conveyancers will benefit from this new X-Press Pay service by reducing the need to add VAT to disbursements on invoices – allowing […]