A U.K. real estate agent has three foreign clients interested in purchasing an apartment building, valued at E30 million, in the outskirts of London as an investment property. The clients are not willing to have their names provided to the bank. The clients want to purchase to be made in the names of three private companies for privacy reasons. The plan is to wire the funds into an account held in the name of another private company at a bank in London.
Which red flag should stop the agent from discussing this potential purchase further?

When a regulatory body requires international assistance in a money laundering inquiry, such assistance is typically obtained by

What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee's Customer Due Diligence for Banks paper?

What is a method of placement that can be used by a money launderer in a deposit taking institution?

Which is a FATF characteristic used to assess a country's effectiveness of its AML regime?