Jaymisha Tailor

Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024

On, 22 January 2024 the HM Treasury (HMT) issued Guidance on the changes to The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLRs), amending the definition of High Risk Third Countries (HRTC). The changes are as follows: Schedule 3ZA is repealed. High risk third countries (HRTCs) will now […]

The Pros and Cons of AI and Technology in Notarial Practice – Lecture – 07 March 2024

The Master of Faculties invites you to a special lecture on AI and Technology in notarial practice, delivered by Robert Bond, Deputy Vice President of the Notaries Society and a Chartered IT Professional Robert is also a UK Solicitor and a Notary Public and for over 40 years has specialised in laws and regulations relating […]

Diversity in the Notarial Profession 2023

Triennially the Faculty Office collates and reviews the diversity data provided by Notaries during the practicing certificate renewal process. This information is used to identify trend and patterns as well as inform the work of the Faculty in improving diversity in the notarial sector. The collation of diversity data assists in identifying what progress has […]

High Risk Countries

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the ‘MLRs’) require the UK regulated sector to apply enhanced customer due diligence in relation to high-risk third countries The list of high-risk countries is set out in schedule 3ZA of the Money Laundering, Terrorist Financing and Transfer of Funds (Information […]

NECC Gold-based Financial and Trade Sanctions Circumvention

The National Economic Crime Centre (NECC) in the UK’s National Crime Agency (NCA) has issued a “Red Alert” Notice on Gold-based Financial and Trade Sanctions circumvention. Nature and Purpose of this product  This Alert has been published by the JMLIT+ Sanctions Facilitators Cell for the Money Laundering Public Private Threat Group (PPTG). The purpose of […]

Addendum to the 2023 edition of the Legal Sector Affinity Group Guidance

This addendum contains legislative updates and shows a change in LSAG’s position and expectations. The areas covered include: Economic Crime Levy considerations for larger firms Discrepancy Reporting Guidance Registers of Overseas Entities update Changes brought in by the Economic Crime Act, including a new POCA de minimis limit of £1,000 A definition of Supply Chain […]

Home Office Guidance – Document Identification & Verification

The National Document Fraud Unit at the Home Office, has prepared valuable guidance around document identification and verification to increase awareness of the different types of identity documents used for identification purposes, including indicators to help recognise forged documents. The guidance can be accessed here and we encourage notaries to refer to it when onboarding […]