Re: Inquiry regarding Acct# [redacted] — SOUTHERN TRUST COMPANY, INC. - Case #117549 [I]
Hello,
As a part of the PWM anti-money laundering monitoring program, the PRIME system is used to automatically identify transactions that meet certain high risk transaction patterns. When transactions occur which mimic those patterns, the activity must be researched to confirm that it is legitimate.
In a small percentage of these cases, Compliance must contact the Wealth Advisor for additional information about the transaction(s) in order to conclude the research process. Your response is required for the Bank to comply with federal guidelines for concluding the research of these matters in a timely fashion. Your complete response must be received within 7 business days.
To the best of your ability, please provide details regarding the item(s) below:
130,000.00 3/10/2014 sent 1 payment BANCO POPULAR A /C TERRENCE RABSATT
1/ Please provide the relationship between Mr. Rabsatt and Mr. Epstein. 2/ Please provide the payment purpose.
thank you in advance for your prompt attention to this matter.
Regards,
Yang Chen
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Yang Chen
Deutsche Bank Trust Company Americas
Private Wealth Management - AML
60 Wall Street, 10005-2836 New York, NY, USA
Tel.:
Email:
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EFTA01400846
Hi,
Please see the answers in red.
130,000.00 3/10/2014 sent 1 payment BANCO POPULAR A /C TERRENCE RABSATT
1/ Please provide the relationship between Mr. Rabsatt and Mr. Epstein. Mr. Rabsatt is a local vendor on St. Thomas where Southern Trust is located. 2/ Please provide the payment purpose.
Mr. Rabsatt is the local technology person on St. Thomas. The wire was payment for his services. He helped update the internet and telephones in the southern trust office and he also installed (and will be installing more) internet towers. The towers are located on St. Thomas and they will be connected to the internet towers located on Mr. Epstein's private island. The towers will help improve the internet speed and connection on his island.
Kind regards,
Amanda Kirby
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Amanda Kirby
Associate
Deutsche Bank Trust Company Americas
Deutsche Asset a Wealth Management
345 Park Avenue, 10154-0004 New York, NY, USA
Tel.
Fax
Emai
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Securities offered through Deutsche Bank Securities Inc.
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