SRA
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CQS Purchase of a Leasehold Policy Template
In 2019, the Solicitor’s Regulation Authority identified shortcomings in conveyancing firms regarding client information on property ownership. A review revealed that 23% of firms could not differentiate between freehold and leasehold titles. The CQS CPMS standard now requires accredited practices to maintain appropriate leasehold policies, yet many fail to comply effectively.
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Is Your Firm Ready for a SRA AML Audit?
The SRA have recently warned that it will be writing to a “large number” (400) of firms in the coming weeks requiring evidence of compliance with the 2017 Money Laundering Regulations. The likelihood is that firms with a focus on conveyancing will be targeted for an AML Audit. The regulator confirmed that in the last…