X
etsos

Free trial Sign-up

Please leave your name and email and we'll be in contact shortly.

Name

Company

Contact Number

Email

Please complete the sum:        
39 + 1 =

ETSOS publishes searching truth on compliance

9th July 2012

Online search supermarket and conveyancing technology specialist, ETSOS, has published some useful guidance on how its ordering and quotation and referral systems can help conveyancers meet their compliance obligations.

Prepared by independent compliance consultant Michaela Hardwick, the advice note details the specific mandatory principles and outcomes within the SRA Handbook that the ETSOS and its solutions automatically address. These range from ensuring firms ‘provide a proper standard of service’ and preventing ‘one’s independence to be compromised’ to having systems in place to monitor risk and to be compliant in relation to outsourcing agreements.

Phil Natusch, ETSOS’s managing director, explains why they have chosen to publish this advice now. “Post October 2011 and the introduction of Outcomes Focused Regulation (OFR) there’s been a growing interest in all things risk and compliance related. Conveyancing is not immune and more and more we’re hearing from firms, some on panels, some not, who are concerned that their reliance on a single search provider may give them issues in this respect. What we’re trying to highlight is that the ETSOS ‘search supermarket’ concept gives them an inherently compliant alternative – here market oversight is afforded by breadth and clarity of choice, consistent standards and processes are embedded in the ordering portal, and quality assurance is a by-product of our own due diligence on all our providers.”

The guidance paper can be viewed here>

The client and experts view...

  • thumb1
Latest newsspeech Bubble

Fears of Tougher Regulations and Unjust Costs Mount Ahead of Government Announcement

Estate Agents are waiting for the big reveal on Monday after Lord Best has admitted some firms could close when the regulation of property agents (ROPA) makes its recommendations to the Government early next week.

Lord Best, the chair of ROPA, has already outlined the working group’s desire for more regulation.

(more…)

[NEWSFLASH] Agent Charged DOUBLE Over AML Registration Mistake

Property Industry Eye (PIE) has highlighted the case of an estate agent who has fallen foul of HMRC and been charged double.

On 4th April, with plenty of time to spare, Hayman-Joyce renewed their annual HMRC registration. They paid the fee and thought they’d ticked all the boxes.

(more…)

Compliance in a Box: The Natural Remedy for Your AML Headache

Estate agents around the country are realising that the new 5th AML Directive goes deep. There’s a lot of work involved in becoming compliant. And the penalties for non-compliance, either deliberately or through confusion, are severe. (more…)

AML Checks: Guide to Uploading the Passport.

The campaign against money laundering has seen the HMRC issue £2.5m of penalty notices since June 2017.

Making sure you’re compliant is vital.

When it comes to carrying out your checks, we supply AML reports as part of our Compliance in a Box service. (more…)

AML Fines for estate agents published

Estate agent anti-money laundering (AML) compliance is under scrutiny again following the publication of figures detailing the fines levied for AML non-compliance. (more…)

divider
newsletter sign-up

Sign up for our e-newsletter

Name
Company
Email Address
trialTop

trial sign-up

Click the Apply button opposite to use our software on a trial basis...

trialBottom
  • etsosnews

  • etsosnews

  • Linkedin Twitter Facebook
    This site uses cookies. Find out more about this site’s cookies.