When buying a property, you will be asked where your money is coming from. This is a normal and essential part of the legal process and something all conveyancers are required to do. Why are we asking? We are legally required to carry out checks under Anti-Money Laundering regulations. This means we must: Confirm where your purchase funds are coming from ( Source of Funds ) Ensure your overall financial position matches the transaction ( Source of Wealth ) This is not about m

Anti Money Laundering (AML) checks refer to the due diligence procedures required by law. The Fourth EU Money Laundering Directive,...

What is a ‘Gifted Deposit’? The first kind of 'gifted deposit,' known as a 'Seller's gifted deposit,' occurs when the seller offers a...

Cybercrime & conveyancing In recent years, conveyancing clients and conveyancers have increasingly fallen prey to sophisticated...