FW: Southern Financial LLC - EDD [C]
Wayne,
Enhanced Due Diligence was conducted on Southern Financial LLC, a Private Investment Vehicle incorporated in the U.S. Virgin Islands, which is a Level II country, as the result of a New Client Adoption request to open a Global Markets relationship. The below is for your review and approval.
Nature of Escalation —
• The escalation is due to the client being a Private Investment Vehicle, which is considered High risk.
Note: The documentation for this account is available for review on the shared drive via the following path: LACentral_Functions_Compliance\Comp-nyseccom\Varela\AML\Pending Investigations, EDD, EDRs\Southern Financial LLC\
Research Findings (LEXIS/GOOGLE SEARCHES)-
• Southern Financial LLC is a private investment vehicle incorporated under the laws of the Virgin Islands of the United States. The sole member of Southern Financial LLC is Southern Trust Company, Inc. which is also incorporated in the U.S. Virgin Islands. The sole shareholder of Southern Trust Company, Inc. is Jeffrey Edward Epstein.
Ownership/UBOs –
• Jeffrey Edward Epstein is the sole U8O and a control person of Southern Financial LLC. He is an American financier and science and education philanthropist. He began his financial career in 1976 as an options trader at Bear Stearns and became a partner in 1980. In 1982, Epstein founded his own financial management firm, J. Epstein & Co., managing the assets of clients with more than a billion in net worth. In 1996, Epstein changed the name of his firm to The Financial
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL
DB-SDNY-0068439
SDNY_GM_00214623
EFTA01373973
John –
Kind Regards,
Wayne Salit
From: Dmitri Saks
Sent: Friday, December 19, 2014 11:17 AM
To: Wayne Salit
Subject: Southern Financial LLC - EDD [C
Classification: Confidential
Wayne,
Enhanced Due Diligence was conducted on Southern Financial LLC, a Private Investment Vehicle incorporated in the U.S. Virgin Islands, which is a Level II country, as the result of a New Client Adoption request to open a Global Markets relationship. The below is for your review and approval.
Nature of Escalation —
• The escalation is due to the client being a Private Investment Vehicle, which is considered High risk.
Note: The documentation for this account is available for review on the shared drive via the following path: LACentral_Functions_Compliance\Comp-nyseccom\Varela\AML\Pending Investigations, EDD, EDRs\Southern Financial LLC\
Research Findings (LEXIS/GOOGLE SEARCHES)-
• Southern Financial LLC is a private investment vehicle incorporated under the laws of the Virgin Islands of the United States. The sole member of Southern Financial LLC is Southern Trust Company, Inc. which is also incorporated in the U.S. Virgin Islands. The sole shareholder of Southern Trust Company, Inc. is Jeffrey Edward Epstein.
Ownership/UBOs –
• Jeffrey Edward Epstein is the sole U8O and a control person of Southern Financial LLC. He is an American financier and science and education philanthropist. He began his financial career in 1976 as an options trader at Bear Stearns and became a partner in 1980. In 1982, Epstein founded his own financial management firm, J. Epstein & Co., managing the assets of clients with more than a billion in net worth. In 1996, Epstein changed the name of his firm to The Financial
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL
DB-SDNY-0068439
SDNY_GM_00214623
EFTA01373973