RE: Initial thou hts
Kim, Michael
Looking forward to speaking later today. Early afternoon eg 2pm CET would work best.
Here a couple of thoughts - need refinement and challenge...
Problem statement:
Find client cases where we rely on some prior decision and do not question a 'borderline' client relationship - example Epstein where clearance was given again and again despite negative media and other alerts always referring back to Packard/Caruso onboarding decision (even though both had long since left DB).
Potential solutions:
Assuming that negative media hits and respective clearances are stored: conduct a fuzzy logic search through all clearance statements looking for phrases such as "as per prior approval", " based on decision by", "...". Any hits to be reviewed by DCO/BI/AFC.
Search the KYC files for unusually senior sign off parties for onboarding in AFC and the business - come up with a way to electronically search for key words, such as " exception referral", "regional AFC Head", maybe a list of names like prior AFC Heads, Business Heads, COOs.
?
Speak later,
Wolfram
Wolfram Lange
Managing Director | Divisional Control Officer
Deutsche Bank Wealth Management
The Zig Zag Building, SW1E 6SQ, London, United Kingdom
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Michael -
Does 2pm CET work for you (3pm Frankfurt/9am NY)? If yes, I will send invite.
Kimberly Hart
Managing Director I Divisional Control Officer
Wealth Management Americas
Deutsche Bank Trust Company Americas
345 Park Avenue, New York, NY 10154
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Securities offered through Deutsche Bank Securities Inc
Yes
I just received message from Martina that she had an accident and cannot work today.
Kind regards
Michael Off
Michael Off
Divisional Control Office
Deutsche Bank Wealth Management
Deutsche Bank AG
Taunusanlage 12, 60325 Frankfurt am Main, Germany
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