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Thomas Kaplan

Thomas Kaplan

Managing Partner at TURN Advisory; international AML expert specializing in money laundering prevention in real estate.

Jul 6, 2026

Paul O'DonoghueCORRESPONDENT
3:33
It's not like with watches, for example, where you can say, "Okay, this watch clearly is being sold for 20,000 euro, and if someone pays 100,000 euro for it, then it's clearly very suspicious."
3:44
Yes, 100%.
3:46
So, and there's no economic sense someone would pay so much for a Rolex if you bought it for 20.
3:50
There's kind of market prices.
3:52
There's minimal deviation, let's say, but, but not big.
3:55
In properties, it's totally different.
3:57
It's, I call it wild, wild west market.

9 MINS LATER

Paul O'DonoghueCORRESPONDENT
12:49
So a luxury property which might have a value of 1 million, you can say it's 2 million, and who is to argue?

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