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Updates & Events
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The Law Society is partnering with MyHome to help people buy and sell property with greater confidence and fewer delays.
The Law Society has partnered with RIP.ie to highlight the importance of making a will and help people to plan ahead.
A new report evaluates the Irish justice system across four core areas: trust, policing, courts, and prisons.
The Law Society invites print, broadcast and online journalists throughout Ireland to enter the annual Justice Media Awards.
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Ireland's legal fundraiser returns on Saturday 23 May.
Certificate-of-Title system and AML obligations
The committee would like to remind conveyancing practitioners that there is no obligation on the borrower’s solicitor in the Law Society’s certificate-of-title system for residential mortgage lending to carry out a lender’s AML obligations on its behalf.
The committee was recently made aware that a lender introduced such a requirement as a condition of a loan because of a perceived difficulty of meeting with clients during the COVID pandemic. By requiring the borrower’s solicitor to collect the bank’s AML requirements, the bank merely passed its COVID-related risks on to the solicitor, which is not acceptable practice.
A lender is not entitled to withhold issue of loan funds for this reason. The committee understands that the lender has since ceased this practice. If practitioners continue to encounter this matter in practice, they should let the committee know, for the purpose of the committee taking up the matter with the relevant lending institution.
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