You have been asked to investigate the ownership of a company called Henrique Pty Ltd, which is suspected of laundering the proceeds of corruption through real estate transactions in Brisbane, Australia.

Henrique Pty Ltd is an Australian company formed in 2018 by an accountancy firm called Peter & Associates. ASIC corporate records show that Henrique Pty Ltd has one director, Peter Fernandez, who is the founder and senior managing partner in Peter & Associates, and one shareholder/member Knight Stone LLC, a private company registered in Egypt.

When Henrique Pty Ltd purchased a $A10 million property in Teneriffe, Brisbane in 2020, it borrowed $A8 million from POL Bank Ltd, a licensed Australian bank. The records of POL Bank Ltd disclose that Peter Fernandez informed POL Bank Ltd that Knight Stone LLC is owned by a Cayman Island company called Shine Away Properties LLC, and that Shine Away Properties LLC is beneficially owned by Monty Verus, an Estonian national.

You have made further inquiries and examined the World Check data base which disclosed that a man with the same name as Peter Fernandez is the son of the Chief Justice of the Supreme Court of Argentina.

Group of answer choices

ECDD must be conducted because Monty Verus is the ultimate beneficial owner

Both Mr Fernandez and Mr Verus could be liable for money laundering activities

Peter Fernandez is a beneficiary of Henrique Pty Ltd

Shine Away Properties LLC is a beneficial owner of Knight Stone LLC and Henrique Pty Ltd