eConveyancer’s Post

For Conveyancers in England and Wales: you must be familiar with the term "Safe Harbour". By following specific digital identity check protocols, you meet your duty under Safe Harbour, ensuring HM Land Registry won't pursue recourse claims against you for inadequate identity checks in fraudulent transactions. Using a UK government-accredited Identity Service Provider (IDSP) like Amiqus can help you fulfil the obligations stated in the HM Land Registry Practice Guide 81. Take a look at our blog to find out how to achieve Safe Harbour: https://bit.ly/3tVArIo #Conveyancers #LawFirms #Legal #DigitalIdentity #Compliance

🚨 Breaking News from Graceland! 🚨 🕵️♂️ Investigation Heating Up: An ongoing probe by the Tennessee Secretary of State, alongside the FBI and Attorney General, dives deep into the murky waters of the alleged Graceland foreclosure scam, spotlighting suspicious notarizations! Stay tuned as this unfolds... 📜 Crucial Suspension: In a decisive move, the notary public at the heart of these dubious transactions has been suspended, pending investigative results. This development marks a significant turning point in the pursuit of justice! 🏠 Graceland Speaks Out: Elvis Presley Enterprises has officially denied any involvement in the scam, committing to full cooperation with the ongoing investigation. Transparency and integrity remain their top priority! 👥 Victims Step Forward: Reports are pouring in from several individuals who claim to have been unfairly targeted by foreclosure notices, despite no due mortgages. Their courage in coming forward brings critical attention to the issue! ⚖️ Legal Repercussion: The battle lines are drawn as victims seek justice through legal avenues, filing lawsuits against those allegedly behind the scams. The fight for accountability is on! 🔍 What does this mean for the integrity of notarial acts across the country? How can institutions ensure such breaches of trust are prevented in the future? Share your thoughts below! 👉 Let’s foster a discussion on maintaining the sanctity of legal and notarial processes! How can transparency be ensured in all notarial acts to prevent fraud? #GracelandScam #LegalNews #ForeclosureFraud #JusticeSeekers #NotarialIntegrity #InvestigationUpdate #CorporateTransparency #LegalAction #DailyJustice #ThoughtLeadership 👀 Stay vigilant and stay informed! 🌟

Buying a house can be one of the most exciting yet stressful times of anyone’s life and involves financial transactions larger than most people will ever need to handle again, such as deposits and final balances. Unfortunately, where there is money, there are scammers. As a result, conveyancing and property fraud is on the rise as fraudsters use intricate cons to get between you and your hard-earned savings. #Solicitors #ScamAware #Conveyancing

I wanted to share with you the update issued by Council for Licensed Conveyancers - regulating property and probate lawyers surrounding payments systems that can support and help to tackle fraud an issue which I know is front and centre for many law firms in view of the increasing number of instances, recent cases and attacks. ISO200022 is on the horizon for all of us, what action will you take? PEXA UK looking to support conveyancers against this exposure in the future. #conveyancers #securefuture https://lnkd.in/dgd7cgsR

Great to see a regulator being proactive around payment systems. firms should gain benefit in the future in their insurance premiums by the development in this space, the risk of fraud is substantially reduced. For once as practitioners we may have the potential to move the risk to somewhere else!

🚨 Alert: Rise in Conveyancing Scams 🚨 Buying a home is exciting but can also be a target for fraudsters. Conveyancing scams are on the rise in the UK, exploiting the home-buying process. 🔹 Scammers hack emails of buyers or solicitors 🔹 Fake payment instructions sent to buyers 🔹 Victims lose an average of £47,000, sometimes more than £250,000 Stay Safe: Secure your email with strong passwords and two-factor authentication Verify payment instructions directly with your solicitor via a trusted phone number Be cautious of unfamiliar accounts or urgent payment requests If scammed, contact your bank immediately and report to Police Scotland at 101. Change your passwords and monitor your accounts for suspicious activity. Find out more 👉 https://lnkd.in/eUH2-aSf #Scam #Firsttimebuyers

As a notary, our primary role in preventing fraud is to ensure that documents are signed and executed lawfully and authentically. This starts with verifying the identity of the signer through valid government-issued IDs and confirming that the signer is acting voluntarily and competently. Notaries must also ensure that the document is complete and not left blank before notarizing it, as any alterations can lead to fraud. Maintaining a notary journal to document the details of each notarization, including the date, type of document, and identities of signers, provides a valuable record if the validity of the notarization is questioned. Additionally, using a unique notary seal helps deter fraudulent activities. If any suspicions arise about the document or the signer's intentions, the notary should refuse to notarize it. Staying up to date on local notary laws and educating clients about the importance of the notarization process further ensures that fraudulent activities are avoided, maintaining the integrity of the notarial profession. #fraud #notarization #laws #educatingclients #signerid Pam Adame Mobile Notary and Loan Signing Service pamadamenotary@gmail.com 818-209-0537

The legal profession is being urged to maintain vigilance in identifying suspicious activity in property transactions after research indicated a 13% year-on-year decline in the number of Suspicious Activity Reports (SARs) filed by legal and conveyancing professionals. According to the SARs Annual Statistical Report 2023, the number of SARs submitted by independent legal and conveyancing professionals dropped from 2,859 in the 2021-2022 fiscal year to 2,526 in 2022-2023. While this could be seen as a positive, there are clearly still concerns that need to be addressed. A series of red flags remain for lawyers and conveyancers attempting to complete client due diligence including third party proxy and irregularities within source of funds. Read more ⬇️ https://lnkd.in/ei47jU-c #AML #sarsreport2023 #compliance #legalnews #verify365

Buying or selling property in South Australia? Verification of identity is paramount. Your conveyancer ensures this crucial process is handled meticulously, safeguarding against fraud and ensuring a seamless transaction. Trust in their expertise for a secure property journey. Click below to learn more about the process.

Earlier this month, federal courts in the Second Circuit issued a pair of decisions clarifying that borrowers must identify a concrete injury caused by the dissemination of inaccurate information to establish standing to assert claims for violations of the FCRA. More from Matthew Gordon: https://bit.ly/49GW4wy #FCRA #FinancialServices #Litigation #LitigationByte