Navigating conveyancing transactions in the age of money laundering: The role of technology

By Sandra Fungai Kabaya ( October 29, 2024, 11:42 AM EDT) -- The conveyancing process, essential for transferring property ownership, has become increasingly complex in the face of heightened concerns about money laundering. As financial crime becomes more sophisticated, real estate transactions are often used as vehicles for illicit activities. In this context, technology emerges as a crucial ally for legal professionals, helping to streamline processes, enhance security and ensure compliance with anti-money laundering (AML) regulations. This article explores the impact of technology on conveyancing transactions in the current regulatory landscape....