Mili Bhanji

Website Spot Check – Rule 14.2 of the Notaries Practice Rules 2019

Under Rule 14.2 of the Notaries’ Practice Rules 2019 notaries must ensure that clear information on pricing, redress, service, complaints and regulatory information is available for the public to access on their websites. This includes: The basis upon which the notary calculates their fees for their services (price information); A brief outline of the services […]

Criminal Record Checks – Guidance

The Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975 provides a list of certain professions and employment that are excepted from the application of the 1974 Act for which complete knowledge about a person’s background is required for the protection of the pubic. Since 2023 the profession of notaries has been an excepted profession which […]

Suspicious Activity Reporting (SAR)

Those working in the regulated sector are required under Part 7 of the Proceeds of Crime Act 2002 (POCA) and the Terrorism Act 2000 (TACT) to submit a Suspicious Activity Report if in the course of their business they know, suspect, or have reasonable grounds for knowing or suspecting, that a person is engaged in, […]

High Risk Countries

The list of high-risk countries is set out in schedule 3ZA of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 3) Regulations added Democratic Republic of the Congo, Mozambique and Tanzania to the list of High-Risk Countries and […]

Proliferation Financing

The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 which came into force in September 2022 have created a new obligation for regulated entities to identify, assess and mitigate the risk of proliferation financing.  Key points to note: “Proliferation financing” means the act of providing funds or financial services for use, in whole […]

Legal Ombudsman Scheme Rules resources

Guidance on the changes: this document outlines the key changes to the LeO’s Scheme Rules and includes suggested wording for service providers to use in their client care letters- both before and after the changes have gone live. Scheme Rules FAQs: this FAQ document is an updated version of the existing Scheme Rules FAQs but […]

Register of overseas entities – Economic Crime (Transparency and Enforcement) Act 2022

This is a reminder for all notaries that have clients which may be affected by this legislation. Under the Economic Crime (Transparency and Enforcement) Act 2022 all overseas entities (being a legal entities governed by the law of a country or territory outside the UK) which own or lease property or land in the UK […]