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 firmsDiscrepancy Reporting...
View ArticleNotaries (Inspections) Regulation 2014 – Top 10 Tips for Notarial Excellence!
An interesting and informative presentation was provided by the Inspectors at this year’s Annual Notaries Society Conference summarising their experience and findings. The Inspector’s “Top 10 Tips for...
View ArticleNECC 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...
View ArticleHigh 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...
View ArticleConsultation on Storage and Retention of Will Documents
At present all of the wills and documents submitted in support of probate are preserved indefinitely in the original paper form. These records date back to 1858. The consultation paper sets out the...
View ArticleDiversity 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...
View ArticleThe Pros and Cons of AI and Technology in Notarial Practice – Lecture – 07...
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...
View ArticleMoney Laundering and Terrorist Financing (High-Risk Countries) (Amendment)...
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),...
View ArticleIsrael and the Occupied Palestinian Territories Humanitarian Activity General...
The Office of Financial Sanctions Implementation (OFSI) has the power to issue General Licences for country and thematic sanctions regimes under the Sanctions and Anti-Money Laundering Act 2018. On 14...
View ArticleReview of the Disciplinary System – Consultation
The Faculty Office is consulting on making changes to the disciplinary system for notaries. This paper sets out how the current disciplinary system for notaries works at present and highlights where...
View ArticleSupervision of Conveyancing and Probate – Call for Evidence
The Faculty Office have published a paper, reviewing the Post-Qualifications Environment seeking your views. A copy of the paper and accompanying report can be downloaded from the links below:...
View ArticleMoney Laundering Regulations – Update
On 14 December 2023, statutory instrument 2023 No. 1371 (SI 2023/1371) known as the Money Laundering and Terrorist Financing (Amendment) Regulations 2023 (the SI) – was released, along with an...
View ArticlePublication of HMT Consultation re the Effectiveness of the Money Laundering...
HM Treasury has launched a consultation on improving the effectiveness of the Money Laundering Regulations (MLRs). This covers a range of topics identified in the 2022 review of the UK’s AML/CTF...
View ArticleCessation of our DX Post Service from 30 April 2024
As part of an ongoing review of our postal services, from 30th April 2024 we will no longer be accepting or delivering mail via the DX system. If you currently use our DX address to correspond with...
View ArticleIncrease in Special Marriage Licence Application Fee – Effective April 1, 2024
With effect from 1 April 2024, the application fee for Special Marriage Licences will be raised from £400.00 to £440.00. Members of clergy are urged to update their fee schedule records accordingly.
View ArticleLegal Services General Licence – Update
On Monday 29 April 2024, a new General Licence came into effect covering legal services – General Licence INT/2024/4671884 (the General Licence). This replaced General Licence INT/2023/3744968 which...
View ArticleReview of AML Policies 2024
As part of the practising certificate renewal application for 2023, Notaries were required to submit a copy of their Anti-Money Laundering Policies & Procedures (including Firm Wide Risk...
View ArticleFaculty Office Consumer Survey May/June 2024
The Faculty Office has launched its biennial Consumer Survey of users of notarial services. When we carried out this survey in 2022, we received 160 responses which was very encouraging. This year...
View ArticleMember of the Qualification’s Board – Vacancy
The Faculty office is currently seeking to appoint two new lay members to serve on its Qualification Board. Please see here for further information. To apply for this role, please submit your CV and...
View ArticleMember of the Master’s Audit Committee – Vacancy
The Faculty Office is currently seeking to appoint one new member to serve on its Audit Committee. Please see here for further information. To apply for this role, please submit your CV and covering...
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