InfoTrack partners with Teal Compliance to give conveyancers greater confidence on anti-money laundering and fraud
InfoTrack partners with Teal Compliance to give conveyancers greater confidence on anti-money laundering and fraud.
Manchester, 17 October 2024 – InfoTrack, a pioneer in innovative legal technology solutions, and leading compliance consultancy Teal Compliance, have announced an industry-first partnership that will see specialist fraud and money laundering guidance made available to users of InfoTrack’s eCOS onboarding solution.
Announced at InfoTrack’s Innovation Roadshow in Manchester, the partnership aims to provide InfoTrack customers with added reassurance throughout the onboarding of new clients, with guidance penned by Teal’s compliance experts available within the eCOS platform.
InfoTrack COO Sam Jordan says of the partnership: “Compliance when onboarding clients, particularly in Conveyancing, can be time-consuming and carries significant risks. InfoTrack and Teal both deeply understand the Conveyancer’s challenges here and so this partnership is a fantastic opportunity to work together and help our clients navigate them effectively.”
Amy Bell, CEO of Teal Compliance, states:
“We’re delighted to be partnering with InfoTrack, a company we have known and worked with for many years, to bring greater understanding – and greater confidence – to conveyancers when dealing with the complexities of fraud and money laundering issues.”
News of the partnership comes against the backdrop of an increasing threat of property fraud, and with the SRA, CLC and CQS all sharpening their focus on Anti-Money Laundering and Anti-Fraud compliance.
And yet, as recently as August we saw a firm handed 5-figure fines for AML breaches, demonstrating that there is still work to be done to protect firms, their employees and their clients from the impacts of fraud. InfoTrack and Teal expect this newly announced relationship to enable conveyancers to act with assurance that they are taking all the relevant steps to act compliantly – and to evidence that compliance.
About eCOS:
Client onboarding is critical to starting strong relationships, gathering the information you need efficiently, and ensuring that you meet your KYC and AML requirements.
eCOS is one simple platform that includes matter-specific client questionnaires, digitised Protocol Forms, digital ID and AML checks, and Source of Funds and Wealth information gathering. It does all the hard work for you and gives your clients one seamless experience.
More convenient onboarding, better information, improved compliance… It all starts with eCOS.
About InfoTrack:
InfoTrack are pioneers in digitising legal processes. They provide a powerful suite of solutions across client onboarding, identity verification, e-signature, and conveyancing services. Our services help to assure compliance, enhance the client experience, and improve productivity within conveyancing firms.
We take on the burden of labour-intensive, demanding administrative tasks within a single, award-winning platform, empowering firms to focus on delivering an exceptional client experience with every transaction.
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