Be One Step Ahead
Lawyer Checker launches: Consumer Bank Account Checker (CBAC)
Cyber Security threats are evolving… it is becoming easier for criminals to get access to our data. Although most firms will have policies in place to protect against these concerns, it is so important to make sure that they all keep their defences up to date. According to Government statistics 69% of law firms
reported a cyber incident between 2017 and 2018’.
Property and Bank Account fraud is a big concern within the conveyancing sector, which is why we offer a risk management product by Lawyer Checker called Consumer Bank Account Checker (CBAC). This service validates the source or destination of funds whether you are sending or receiving client’s monies. This service is powered by Experian’s unrivalled consumer database and is supported by dedicated UK staff.
Why use this?
- Enhanced Due Diligence - Add a layer of protection when remitting sales proceeds to your client.
- Help Validate Source - Added check in validating client source of funds to prevent mortgage fraud and incentive practices.
- Can You Afford Not To Be Covered - It's no longer a case of 'if' but 'when'. This is an additional step to a robust risk management procedure.