Sheila Kumar, CLC Chief Executive, considers the risk of IT threats to conveyancing practice
Issues such as cyber attacks and money laundering are high on the risk list for all firms, but particularly for conveyancers, where large amounts of money are at stake.
Fraudsters have never been so sophisticated, perpetrating such realistic scams that there have been cases where prospective homeowners have been conned out of hundreds of thousands of pounds.
As a regulator, we demand the highest standards from our regulated practices and work with them to ensure they comply, with regular monitoring and inspection work throughout the year.
It is this close contact that has enabled us to identify the biggest issues facing firms which we have put together, along with practical advice on how to resolve them, in our second a...
Council for Licensed Conveyancers (CLC)