Verification of Identity Rules
With the increasing popularity of e-Conveyancing, safety of transactions become a top priority to ensure that clients’ title and funds are not compromised, whilst enjoying the expediencies.
From 1 August 2016, all law firms and solicitors participating in e-Conveyance will need to verify their client’s identity according to the procedure set out in the Participation Rules of e-Conveyancing. However, if you think that the requirement only applies to e-Conveyancing, you might be at risks of not carrying out your Verification of Identity (“VOI”) obligations. Continue reading “VOI is Coming, Better be Prepared”