ANTI-MONEY LAUNDERING STATEMENT

Our Anti‑Money Laundering Commitment

At Marcus Reilly, we believe buying or selling a home should feel safe, transparent, and refreshingly straightforward. Part of keeping things that way means playing our role in protecting the property market from money laundering and financial crime — something we take seriously, but hopefully we can explain simply.

Below is our friendly, plain‑English version of what the law requires us to do, and how we make it as smooth as possible for you. You’ll also find a more detailed guide further down this page, including what documents you may need and how to prepare them.

Why We Have to Do This

UK estate agents (and many of the other legal and financial companies involved in property) are legally required to follow the Money Laundering Regulations 2017, which means we must take steps to ensure property transactions aren’t used to disguise illegal funds. HMRC supervises estate agents to make sure these rules are followed.

We do this not because we expect anything dodgy from our clients, but because it keeps the whole system trustworthy for everyone.

What This Means for You

To comply with the law, we need to carry out a few checks before we can market a property or agree a sale. These include:

1. Verifying Your Identity (Customer Due Diligence)

We’ll ask for proof of who you are — usually a passport or driving licence — and something that confirms your address. This applies to buyers and sellers, and sometimes to anyone funding the purchase.

2. Understanding the Source of Funds

If you’re buying, we may need to understand where the money for the purchase is coming from — savings, sale of another property, inheritance, etc. This isn’t us being nosey; it’s a legal requirement to ensure funds are legitimate.

3. Extra Checks for Higher‑Risk Situations

If a transaction involves overseas clients, politically exposed persons, or unusual payment routes, we may need to carry out enhanced checks. We’ll always explain what’s needed and why.

4. Keeping Records (As Required by Law)

We must securely store identification and transaction records for a legally defined period. Your information is handled with care and used only for compliance purposes.

Our Reporting Obligations

If something doesn’t look right, we are legally required to report suspicious activity to the appropriate authorities. We will never be able to tell you if a report has been made — that’s part of the law — but rest assured, this only happens in rare circumstances.

Our Promise to You

We aim to make the AML process:

• Clear — no jargon, no surprises

• Respectful — we only ask for what the law requires

• Secure — your documents are handled with strict confidentiality

• Quick — we keep the process smooth so it doesn’t slow down your move

Our goal is simple: keep you safe, keep the market honest, and keep the experience as friendly and stress‑free as possible.