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Listen to the warning bells

The SDT was kind to a conveyancer who ignored so many red flags and got off with only a moderate fine; others may not be so lucky, says Jean-Yves Gilg

19 May 2017

If you are working in a conveyancing shed, dealing only with incoming requests, or searches, or completions, spare a thought for Mr Tang.

Tang is a partner in a three-partner firm in Wembley, specialising in conveyancing. The firm itself is accredited under the Law Society’s conveyancing quality scheme.

Three years ago, he was instructed in a transaction involving a property to be bought at auction, by a gentleman whose family had been a client of the firm but who wasn’t technically a client on this occasion.

The case came with more than enough warning bells: a deposit paid by an unconnected third party, a third-party investor not advised independently, an undocumented loan from a relative, and funds received from outside the jurisdiction.

All were ‘dubious features’ and wer...

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