Beyond Reasonable Doubt
Land and buildings are usually the most valuable assets people own. Property can be sold and mortgaged to raise money which makes it an attractive target for fraudsters. The purchase of property assets has also become a desirable way to launder funds and transform such funds into legitimate assets. In the UK, like many Land Registries, HM Land Registry, Lending Institutions, Law Firms and Conveyancers engaged in the transfer of property ownership have procedures in place to safeguard against fraud. Fundamental to this is confirmation of genuine identity for certain types of high-
Property fraud is most common on the seller-
Many Land Registries have embarked on digital transformation programmes aimed at reducing transaction cycle times and achieve earlier transaction completion dates. Lending Institutions, Law Firms and Conveyancers participate in new online Land Registry business processes that were traditionally internal-
©1998 – “forever” Objectsoft Limited. All Rights Reserved.