02 November 2017
Last updated at 10:59
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Award winning risk and compliance - Visit the Lawyer Checker Stand at PSG Property Matters with November! There's still time to book!
Award winning risk and compliance service Lawyer Checker is committed to helping your firm - providing protection to you, your clients and their money during the conveyancing transaction process with products that aid in your due diligence and help enhance a robust risk management procedure.
Established for over 5 years now, Lawyer Checker is an online service providing market leading, risk management solutions to the conveyancing industry.
With cybercrime on the rise, and in particular email modification fraud, our online checks allow conveyancers to gather further information on the recipient conveyancer and conveyancing firm to which they are sending money.
Including Lawyer Checker’s Account and Entity Screen search as part of the conveyancing process allows conveyancers to better assess the risks associated with transferring funds throughout the property transaction.
As detailed in the 2017/2018 SRA Risk Outlook earlier this year, firms need to be vigilant when communicating through email and ‘…….consider using systems such as Lawyer checker to verify what is described as the contact or bank information for a third party law firm is genuine. ‘
Just one look at the statistics is alarming; from January 2016 to March 2017 over £12m of client money was stolen by cyber criminals. Most importantly more than 60% of all cybercrimes reported to the SRA are email modification frauds.
Lawyer Checker’s Account and Entity Screen search can provide a comprehensive result for your firm on a recipient firm’s bank account within 4 working hours and with the option to update this search right before completion to ensure you are fully aware of where your client and lender monies are being transferred.
To find out more please contact your local PSG office or speak to the Lawyer Checker Team at Property Matters! Not booked yet? There's still a handful of places, register here.
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