Training document. This file, the companies, the trust, the firm, the people and every figure in it are fictional. Each tab is a simplified teaching text, not a regulator's form, a published precedent or the record of any real client. The short note at the head of each tab and the copper chips like Explained in Ch. 3, which link each tab to the chapter that explains it, are not part of the File.

Merranby Property Limited: Client Due Diligence File

Purchase of an office building in Cambridge
Matter opened January 2027

HOLLANBY DARROWAY LLP, Cambridge
Real estate team

§Index

§Definitions

In this File, “the Firm” means Hollanby Darroway LLP, and “the Managing Partner” means the Firm's managing partner. “The Regulations” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The following terms have these meanings.

“Beneficial Owner”
means a person who ultimately owns or controls the Client, as regulations 5 and 6 of the Regulations define it;
“Client”
means Merranby Property Limited, a company formed in England in December 2026;
“Matter”
means the Client's purchase of an office building in Cambridge for £5,000,000;
“MLRO”
means Julian Rennard, a partner of the Firm, who is its money laundering reporting officer, its nominated officer and the officer responsible for its compliance with the Regulations;
“outstanding”
means asked for, but not yet received or not yet satisfactory;
“Settlor”
means Adrian Vessaly, who settled the Trust in 2021;
“Trust”
means the Sallowmere Trust, whose trustee owns Ostrick Holdings Limited, the Client's only shareholder; and
“verified”
means checked against a reliable source independent of the Client.

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