CONTENT OVERVIEW
4.5 hours CPD
Level: Intermediate
Property fraud continues to present a growing threat to law firms and their clients. The legal press is frequently full of fresh warnings, and the SRA is increasingly prepared to fine firms it believes have failed to carry out proper due diligence.
This course explores the many ways in which property transactions can be manipulated by fraudsters, along with a wide range of practical steps that conveyancing practitioners can take to reduce the risk of being used as an inadvertent accessory to fraud.
Using case studies and real-life examples, the session highlights how frauds might unfold, the red flags that should not be overlooked, and the essential measures you can take to protect your firm, your clients, and your own professional position from serious financial and reputational harm.
This essential presentation will cover a range of vital issues, including the following:
- Purchaser appears to be acting on someone else’s instructions
- Last minute change of instructions, e.g. source of funds
- Client proposes an arrangement with a potentially improper purpose
- Funds received from or sent to a high risk country without credible explanation
- Loans received from third parties without supporting loan agreements
- Instructions to purchase in instalments
- Transfers to conceal the true beneficial owner
- Declared purchase price appears to be inaccurate or misleading
- Inadequate AML policies controls and procedures
- Unverified trust deed
- Purchase in instalments
To book your place, email KarenU.1323@xpresslegal.uk or Tel: 0330 159 5323