This Notary Public London Guide is the second article in a series about money laundering.  The first article dealt with the various stages of the financial process whereby criminals reintroduce the proceeds of their crime back into the monetary system.

This Notary Public London Guide tackles some aspects of the ‘Proceeds of Crime Act’ of 2002 and the implications for Notaries Public in England and Wales.

The act established three principle areas of money laundering, namely:

• Arrangements
• Acquisition
• Concealing

Any Notary Public in London (or elsewhere) must disclose any suspicions to the Serious Organised Crime Agency (SOCA) as soon as these concerns become apparent. Furthermore, the transaction will not be able to proceed until SOCA has given its consent.

A Notary Public must be aware that under the terms of the 2002 Act mentioned previously, the law applies to the passive possession of criminally acquired property and proceeds, and there are rather draconian measures awaiting those who fail to comply with the current regulations.

A Notary in breach of one of the principle offences mentioned above, risks a maximum punishment of a 14 year prison sentence and a large fine.  Any Public Notary who commits a ‘failure to disclose’ offence, or is found guilty either of ‘tipping off’ a criminal or behaving in a manner that might be construed as obstructing an investigation, faces a maximum jail term of 5 years and the possibility of a fine.

As ever, this Notary Public in London guide is intended to be a broad overview of an extremely complex piece of legislation.  Should you have any concerns about money laundering, MD Pryke Notary Public LLP strongly advise you to contact the Serious Organised Crime Agency.

UK Notaries Public – How they differ from US Notaries – Part 3

This is the third article in a series that details the differing notarial procedures in the United Kingdom compared to US Notary practices.

Article 1 dealt with: The professional status of Notaries Public, The qualifications required to practice as a Notary, and the US concept of a ‘commission‘.

Article 2 highlighted: Notarial duty of care, Legal protection and insurance for Notaries, and Notary fees

7. Identity verification required by UK Notaries

A Notary practicing in the United States is not required to take measures to corroborate either the identity or the authority of their notarial clients.  Further, when witnessing a signature or notarizing a document, US Notaries only require one item of identification.

A UK Notary must identify the individual with two forms of identification, both of which must comply with UK money laundering regulations.  A British Notary must also determine whether the intended signatory possesses the requisite authority to sign.  For example when a Director signs either for themselves or on behalf of a company, the Notary must ascertain their mandate for so doing.

Furthermore, a Notary is required to ensure that the document is executed in a manner required by the laws of England and Wales (e.g. power of attorney being signed in the presence of a witness as a deed)

8. Notarisation process

US notaries generally notarise a document with a rubber Notary stamp similar to those used by a bank or post office.

UK notaries use a steel stamp unique to their notarial practice.  See below for the official MD Pryke Notary Public seal:

Furthermore, most UK notaries will rivet the notarized document and tie with ribbon to ensure that it is secure.  This procedure ensures that no pages can be added or removed after notarization.

For more details on the different working practices between a UK Notary and their US equivalents please refer to other articles in this series, or else contact us via telephone, post or email.

London Notary Public Matthew Pryke has today (5 May 2009) launched a new internet TV channel, London Notary Public TV. This London Notary Public practice has produced a number of short video clips to provide guidance to individuals and businesses looking to use the services of a Notary Public in London. The channel also provides some further information regarding the London Notary Public practice of M D Pryke Notary Public, which is based in Mayfair.

London Notary Public, Matthew Pryke explains, “The new internet TV channel provides a short guide for people who may not have used the services of a Notary Public previously and therefore want to know what they should expect. Hopefully this video guide proves to be a useful initial resource for individuals seeking the services of a London Notary Public.” For an example of the content produced by London Notary Public TV please refer to the embedded link below regarding Notary Public services.