AML guidance and expectations have changed considerably in recent months. Last summer and March 2024 brought about SRA sectoral risk assessment updates, and last autumn delivered a significant change in tone from the SRA in relation to their expectations of regulated practices. Not to mention the SRA AML Thematic Review Report, which contained the SRA…
Mining is a major factor requiring searches and risk assessment in residential property transactions today. It not only offers protection to the buyer, but it is often a mandatory requirement of lenders, particularly where the property is located in a known mining area. Navigating mining risk assessments can be tricky or overwhelming as conveyancing has…
From time to time during the conveyancing process, title defects may come to light, or time constraints or delays may force transactions to proceed with no searches or expired searches in place. How legal firms manage these types of risks is paramount. Indemnity insurance policies can be a way to reduce the buyer’s risk while…
