Notary Public in London Guides, recently published two articles on money laundering regulations. The first article described the process whereby criminals re-introduce the proceeds of their crime back into the fiscal system, the second Notary Public London Guide laid out an overview of the 2002 Proceeds of Crime Act and how it affects Notaries Public.
In this second article we advised fellow notaries in London and across England and Wales to contact the Serious Organised Crime Agency (SOCA) should they have suspicions regarding the integrity of any notarial transaction.
The feedback we received from fellow Notaries Public in London was that many Notaries are unsure of the correct procedure for contacting SOCA.
A Notary should contact SOCA the very moment they suspect a transaction may be unlawful and it is strongly advised that a suspicious Notary should make a report via the SOCA website at www.soca.gov.uk . In urgent cases a Notary may contact them by telephone or fax but we are advised that a duty officer may not be trained to give legal advice.
SOCA contact details are:
Telephone – 020 7238 8282
Fax – 020 7238 8286
If SOCA are alerted prior to a Notarial transaction taking place, the Notary is not permitted to act unless they have not had a response from SOCA in 8 working days. After this period consent can be assumed and the transaction may proceed.
If SOCA contact the Notary in question within this 8 day timeframe then the transaction may not be completed for a further 31 days.
For further information please contact MD Pryke Notary Public.