With all the benefits of electronic and remote working there are also risks, and conveyancers need to be vigilant to spot red flags and proactively manage potential loopholes and exploitation of gaps in the system. This session provides a practical guide to exercising caution and effectively managing risk exposures in electronic processes, including:

• Why risk management is essential and tools for undertaking a risk analysis
• How PEXA has moved the goalposts on roles and responsibilities – Guirgis v JEA Developments Pty Ltd [2019] NSWSC 164
• The consequences of practitioner responsibilities for certifications and statements in PEXA
• Who is your client? The risks of VOI and identity agent responsibility
• Tips, traps and good practice for using electronic signatures and remote witnessing
• Tips for maintaining vigilance in transactions involving overseas based parties
• Record-keeping essentials and other key elements of proactive risk management
• Cyber-fraud and system protection – lessons from Deligiannidid v Sundarjee [2020] NSWSC 437
• Suspect fraud? Immediate steps to take to minimise impact
• Why insurance won’t always come to the rescue
• Simple and essential practices and procedures that will make a difference
• Recent changes to the MPR’s to manage risks.