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FAQs

Anti-Money Laundering:

Anti-money laundering is a set of laws and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate income.

The purpose of anti-money laundering laws is to stop criminals from using the financial system to launder money, finance terrorism, and commit other illegal activities.

Most financial institutions, including banks, credit unions, and brokerage firms, are required to comply with anti-money laundering regulations.

CDD is a process that involves gathering and verifying information about a customer’s identity, occupation, and source of funds to ensure that they are not involved in money laundering or terrorist financing.

A SAR is a report that financial institutions are required to file with the government if they suspect that a customer is engaged in money laundering or other illegal activities.

Property:

Conveyancing is the process of transferring legal ownership of property from one person or entity to another.

A property search is an investigation of the history of a property to ensure that it is free of any legal or other issues that could affect its value or ownership.

A leasehold property is a type of property where the buyer owns the property for a fixed term, usually 99 or 125 years, but not the land it is built on.

A freehold property is a type of property where the buyer owns both the property and the land it is built on.

Stamp duty is a tax that buyers of property must pay to the government based on the value of the property being purchased.

Divorce and Children’s Cases:

A divorce is a legal process that dissolves a marriage.

The length of time it takes to get a divorce depends on a variety of factors, including whether the divorce is contested or uncontested and the complexity of any issues involved.

Child custody is the legal right to make decisions about a child’s upbringing and the physical care and control of the child.

Child support is a financial payment made by a non-custodial parent to help support the child’s living expenses.

A parenting plan is a written agreement between parents that outlines how they will share parental responsibilities and make decisions about their children.

GDPR:

The GDPR is a set of regulations that govern how companies must handle personal data of European Union (EU) citizens.

Any company that processes personal data of EU citizens must comply with the GDPR, regardless of where the company is located.

Personal data is any information that can be used to identify an individual, such as name, address, or date of birth.

Data subjects have the right to access, correct, and delete their personal data, as well as the right to object to the processing of their data.

A DPIA is a process used to assess the potential impact on individuals’ privacy rights of a particular data processing activity.

Wills and Probate:

A will is a legal document that outlines a person’s wishes for the distribution of their property and assets