Don’t Get Trapped by Bogus Lawyers and so much more………
22nd July 2013
Three months ago ETSOS added the Lawyer Checker portfolio to its platform – thereby advocating its use. This enables the conveyancer to make further checks as to the true identity of the other firm’s solicitors to avoid transferring client money to bogus solicitors.This service is already available to ETSOS clients and new clients can get the service by making contact from today.
The Sunday Times of 21 July has further identified the need for this sort of risk check. “Scam alerts” from the SRA are up to 53 so far this year, compared to 21 in 2012. The article goes into detail on a particular case study. It also confirmed the SRA “strongly urged solicitors acting for buyers to contact it before transferring large sums to an unknown law firm.”
In a wider context the Legal Ombudsman Service is reported to have received 7,600 complaints in the 12 months to the end of March 2013. Cases in the “failure to advise” category, which include a failure to carry out appropriate checks, accounted for 18% of the total.
For the conveyancer ETSOS already offers the widest property search choice, as well as insurance products, ID and AML checks and of course LawyerChecker. ETSOS offers one reliable, high technology platform with available account managers thus really simplifying the process, easing compliance and limiting risk.
For more information please contact David Opie on 01524 220001 or alternatively drop him a line at davidopie@etsos.co.uk.
Latest news
System Maintenance
Please be aware that we are performing some system maintenance this weekend. We don’t anticipate that this will result in any downtime of our services, but we apologise if it does cause any inconvenience
Government Confirms New Regulations and Qualifications for Estate Agents Will Happen
The government has accepted the proposals of the Regulation of Property Agents (RoPA) with wide-spread consequences for estate and letting agents.
The proposals reach right into the heart of the industry to affect regulation, training and licensing.
(more…)
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.
[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.
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…)


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

- What now for the agency industry as Boris Johnson takes over? https://t.co/KUJc0V2EEn
- Fears of Tougher Regulations and Unjust Costs Mount Ahead of Government Announcement https://t.co/N8VDGWNuC2 https://t.co/giZNcR88pH
- We're always talking to agents about reducing RISK with KYC (Know Your Customer) Due Diligence...but what about con… https://t.co/ePdHELsgKp
- Want to make sure you're ticking all the right boxes for your AML compliance? Click the link below and for our *FRE… https://t.co/3bjcIPFf2y
- Estate Agents, Compliance and the Beautiful Game https://t.co/1QwL5YQMit https://t.co/xawZnlv38L
- What now for the agency industry as Boris Johnson takes over? https://t.co/OUBAikhCTw
- More change on the horizon for agents! Seems to be a real split of opinions on this one. #estateagents… https://t.co/RhWLtkEbJQ
- We're always talking to agents about reducing RISK with KYC (Know Your Customer) Due Diligence...but what about con… https://t.co/CdzfWVEpXy
- Want to make sure you're ticking all the right boxes for your AML compliance? Click the link below for our *FREE* 1… https://t.co/j5SnrJMFcS
- MI5 spies 'at breaking point' as they face threats https://t.co/SBGS2Wsi2k via @MailOnline. Security Minister Ben W… https://t.co/WwEKnKIpN5