Posted in Latest News on 14 Aug 2024
π Big changes for residential conveyancing!
In the Midlands and Northwest, recent regulatory changes have been a game-changer for residential conveyancing practices. Many law firms are now rethinking their approach to stay compliant and efficient.
The introduction of stricter anti-money laundering (AML) regulations and additional client due diligence requirements have increased the workload for conveyancers. Firms are investing in advanced software to verify client identities more swiftly. This not only ensures compliance but also speeds up the conveyancing process, making it smoother for clients.π‘
Moreover, the emphasis on transparency has led firms to adopt more digital tools. Real-time updates via client portals are becoming the norm, which enhances communication and builds trust. These tech-forward solutions enable firms to manage increased paperwork effectively while providing clients with a seamless experience.
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