FW: EDD package for the RID : ONB-120902 LKYCUS-3443 Party name : Southern Financial LLC [I]
Hi Team,
Attached below is the EDD Package for RID - ONB - 120902 Southern Financial LLC. Captioned request is principal party set up and it is a Private Investment Vehicle.Request is raised for DBSI- Equity - custody/-
EFTA01420220
Margin (Type 1).
We are escalating the request as Entity is Private Investment Vehicle.
Kameshwaran has reviewed the alerts and the same has been attached for your reference.
"Jofin reviewed and QA'd this EDD escalation package and confirms that all appropriate documentation is being escalated." The request has been escalated to AML Compliance. Kindly do the needful.
EDD Template and 5 AML answers [attachment "EDD template and 5 AML answers.pdf" deleted by Dmitri Saks/db/- dbcom]
CIP Document
[attachment "1 - CIP Doc.pdf" deleted by Dmitri Saks/db/dbcom] Physical Email
[attachment "CIP e-mail.pdf" deleted by Dmitri Saks/db/dbcom]
CP Proof
[attachment "CP Proof.pdf" deleted by Dmitri Saks/db/dbcom] UBO Proof [attachment "UBO.PDF" deleted by Dmitri Saks/db/dbcom]
ID Proof [attachment "5 - UBO - ID.pdf" deleted by Dmitri Saks/db/dbcom] AML Checks on Entity, CP and UBO [attachment "3 - AML Checks.pdf" deleted by Dmitri Saks/db/dbcom] Internal Review
[attachment "Alert Review.pdf" deleted by Dmitri Saks/db/dbcom] Confirmation on Private investment vehicle
[attachment "Confirmation.pdf" deleted by Dmitri Saks/db/dbcom]
EFTA01420221
Kind regards,
Sujith Shetty
{cid:image012.gif@01D019D9.DCF81D70}
Sujith Shetty
DBOI Global Services Private Limited
Velankani Tech park, No 43, Electronic City, Hosur Road„ 560100 Bangalore,
India
Mobile
Email sujith.shetty@db.com
{cid: image003.gif@01D019D9.DCF81D70}
[attachment "CP Proof.pdf" deleted by Jofin Varghese/db/dbcom] (See attached file: [Untitled].pdf)
EFTA01420222
HI Dmitri,
The Document is signed by the UBO himself however adding to it there are two more Individuals executed the same doc who are the part of Board of
EFTA01420216
Directors. As per the procedure it states we can not consider the UBO verification confirmed by UBO himself only however considering the execution of the Board of Directors in the operating agreement we have accepted the UBO document. Kindly let us know if you want us to go back
{cid: image004.gif@01D019D9.DCF81D70}
{cid:image005.gif@01D019D9.DCF81D70}
Kind regards,
Jofin Varghese
Client Onboarding - NY CAG
DBOI Global Services Private Limited
IB operations
Velankani Tech park, No 43, Electronic City, Hosur Road„ 560100 Bangalore,
India
Tel. Mobile
Email
Escalation Point:
Back Up:sagar.prakash@db.com,
{Inactive hide details for US-CB S-AML---12/17/2014 04:31:50 AM--- S-AML---12/17/2014 Classification: For 04:31:50 internal AM---Classification: use only Hello All, For Please internal note use t}US-CB only Hello All, Please note that the UBO verification document is s
{cid: image008.png@01D019D9.DCF81D70}
From:
{cid: image009.png@01D019D9.DCF81D70}
US-CB S-AML/db/dbcom
{cid: image008.png@01D019D9.DCF81D70}
To:
{cid: image009.png@01D019D9.DCF81D70}
Sujith Shetty/db/dbcom@DBAMERICAS,
{cid: image008.png@01D019D9. DCF81D70}
+ EFTA01420217
Cc:
{cid:image009.png@01D019D9.DCF81D70}
CAGNY NCA/db/dbcom@DBAMERICAS, Jofin Varghese/db/dbcom@DBAMERICAS,
Manikandan Muralidharan/db/dbcom@DBAPAC, US-CB S-AML/db/dbcom@DBAMERICAS
{cid:image008.png@01D019D9.DCF81D70}
Date:
{cid:image009.png@01D019D9.DCF81D70}
12/17/2014 04:31 AM
{cid:image008.png@01D019D9.DCF81D70}
Subject:
{cid:image009.png@01D019D9.DCF81D70}
Re: EDD package for the RID : ONB-120902 LKYCUS-3443 Party name : Southern
Financial LLC [I]
Classification: For internal use only
Hello All,
Please note that the UBO verification document is signed by the alleged UBO himself and may not be accepted as such. Please follow the CB&S U.S. AML Due Diligence Requirements to verify ownership:
Obtain information on the organizational structure of the customer to the
EFTA01420218
natural person level (direct or indirect UBOs of 25% or greater). Such information may be obtained through one or more of the following methods:
• Organizational Chart OR
• Letter/e-mail from Internal Counsel, Compliance Officer or Senior Manager (e.g., Control person) OR
• Letter/e-mail from External Counsel OR
• Use of publicly available information (e.g., trusted website) OR
• Use of documentation (e.g., Registry Filing, legal document, etc.)
Should you have any questions, please contact us.
Thank you,
{cid:image010.gif@01D019D9.DCF81D70}
US CB&S AML Compliance
AML Compliance
Deutsche Bank Securities Inc.
Compliance
Hello All,
Please note that the UBO verification document is signed by the alleged UBO himself and may not be accepted as such. Please follow the CB&S U.S. AML Due Diligence Requirements to verify ownership:
Obtain information on the organizational structure of the customer to the
EFTA01420218
natural person level (direct or indirect UBOs of 25% or greater). Such information may be obtained through one or more of the following methods:
• Organizational Chart OR
• Letter/e-mail from Internal Counsel, Compliance Officer or Senior Manager (e.g., Control person) OR
• Letter/e-mail from External Counsel OR
• Use of publicly available information (e.g., trusted website) OR
• Use of documentation (e.g., Registry Filing, legal document, etc.)
Should you have any questions, please contact us.
Thank you,
{cid:image010.gif@01D019D9.DCF81D70}
US CB&S AML Compliance
AML Compliance
Deutsche Bank Securities Inc.
Compliance
HI Dmitri,
The UBO is the sole controlling person of our entity however the Board of Directors who executed the operating agreement are the part of the Parent company. We have Considered the confirmation from the BOD of the parent entity which is an independent execution. While the procedure indicated to accept the UBO confirmation provided by the board of director either through an client email or Letter head or formal legal agreements. Kindly provide your view on the same
Kind regards,
Jofin Varghese
Client Onboarding - NY CAG
DBOI Global Services Private Limited
IB operations
Velankani Tech park, No 43, Electronic City, Hosur Road„ 560100 Bangalore,
India
Tel. Mobile
Email
Escalation Point:
Back Up:
{Inactive hide details for Dmitri Saks---12/17/2014 08 :30:54 PM---
Classification: For internal use only Hi Jofin,}Dmitri Saks---12/17/2014
08:30:54 PM---Classification: For internal use only Hi Jofin,
{cid: image007.png@01D019ED.2DECC6A0}
From:
{cid:image016.png@01D019ED.2DECC6A0}
Dmitri Saks/db/dbcom@DBCOEX
{cid: image007.png@01D019ED. 2DECC6A0}
+ EFTA01420214
To:
{cid:image016.png@01D019ED.2DECC6A0}
Jofin Varghese/db/dbcom@DBAMERICAS,
{cid: image007.png@01D019ED. 2DECC6A0}
Cc:
{cid:image016.png@01D019ED.2DECC6A0}
CAGNY NCA/db/dbcom@DBAmericas, Manikandan Muralidharan/db/dbcom@DBAPAC,
Sujith Shetty/db/dbcom@DBAMERICAS, US-CB S-AML/db/dbcom@DBAMERICAS
{cid: image007.png@01D019ED.2DECC6A0}
Date:
{cid:image016.png@01D019ED.2DECC6A0}
12/17/2014 08:30 PM
{cid: image007.png@01D019ED. 2DECC6A0}
Subject:
{cid:image016.png@OlD019ED.2DECC6A0} RE: EDD package for the RID : ONB-120902 LKYCUS-3443 Party name : Southern Financial LLC [I]
Classification: For internal use only
EFTA01420215
Hi Jofin,
As stated in the attached, Jeffrey Epstein is the only control person, hence the "conflict of interest supposition" still exists. Besides, the supplied Board of Directors paper is neither notarized/witnessed/certified nor represents a formal filing document. In other words, it is not a strong legal proof. In such cases we recommend requesting a letter/email from an internal or external legal counsel.
Thanks and regards,
Dmitri
{cid: image002.png@01D019E0.5242C2A0}
Dmitri Saks
AML Compliance Officer
Deutsche Bank Securities Inc.
60 Wall Street, New York, NY 10005-2836
Tel:
E-mail:
Hi Anastasia,
As advised by AML Compliance in the below mail, we would be requiring a revised ownership confirmation to proceed further with the adoption of the captioned entity, Southern Financial LLC.
Request you to help us obtain the same.
Thanks and Regards,
Manikandan Muralidharan
EFTA01420210
{cid: image001.gif@01D01ABD.8637A840}
Manikandan Muralidharan
U S - New Client Adoption
DBOI Global Services Private Limited Block 5, 6, 7, Velankani Tech Park, No.:43, Electronic City, Hosur Road, 560100 Bangalore, India
Tel.
Mobile +
Email
Backup details -
Ganesh Balaji (
Bharath-Kumar MS
For Escalations please contact
Level 1 Karthik
Level 2 - Balaji )/Kumud
{cid:image002.gif@01D01ABD.8637A840}
Forwarded by Manikandan Muralidharan/db/dbcom on 12/18/2014 01:00 AM
{cid: image003.png@01D01ABD.8637A840}
From:
{cid:image004.png@01D01ABD.8637A840}
Dmitri Saks/db/dbcom@DBCOEX
{cid: image003.png@01D01ABD.8637A840}
To:
{cid:image004.png@01D01ABD.8637A840}
Jofin Varghese/db/dbcom@DBAMERICAS,
{cid:image003.png@01D01ABD.8637A840}
Cc:
{cid:image004.png@01D01ABD.8637A840}
CAGNY NCA/db/dbcom@DBAmericas, Manikandan Muralidharan/db/dbcom@DBAPAC,
Sujith Shetty/db/dbcom@DBAMERICAS, US-CB S-AML/db/dbcom@DBAMERICAS,
Anastasia Pringle/db/dbcom, Kumud Sharma/db/dbcom@DBAPAC
EFTA01420211
{cid: image003.png@01D01ABD.8637A840}
Date:
{cid:image004.png@OlD01ABD.8637A840}
12/17/2014 10:08 PM
{cid: image003.png@01D01ABD.8637A840}
Subject:
{cid:image004.png@OlD01ABD.8637A840} RE: EDD package for the RID : ONB-120902 LKYCUS-3443 Party name : Southern Financial LLC [I]
Classification: For internal use only
Jofin,
Please note that the provided Board resolution is the document of Southern Trust Company, Inc., and not Southern Financial LLC. Therefore, the following key statements made within the document will need to be validated:
"Epstein is also the sole shareholder of Corporation" (i.e., Southern Trust Company, Inc.), and
EFTA01420212
"the Corporation is the sole member of Southern Financial LLC"
In order to validate the above, please provide the following supporting documentation:
For Southern Trust Company, Inc.: proof of incorporation/formation and proof of appointment of the board of directors. You will also need to identify the board members as control persons for this account since they would be controlling Southern Financial LLC through Southern Trust Company, Inc. PCR/RDC searches would also be required. For Southern Financial LLC: Operating Agreement or other valid proof that Southern Trust Company, Inc. is the sole member of Southern Financial LLC.
Alternatively, as I stated before, you can provide a letter/email from an internal or external legal counsel stating that Mr. Epstein is the sole UBO of Southern Financial LLC.
Thanks and regards,
Dmitri
{cid: image006.png@01D019ED.471ED190}
Dmitri Saks
AML Compliance Officer
Deutsche Bank Securities Inc.
60 Wall Street, New York, NY 10005-2836
Tel:
E-mail:
Hi Jofin,
As stated in the attached, Jeffrey Epstein is the only control person, hence the "conflict of interest supposition" still exists. Besides, the supplied Board of Directors paper is neither notarized/witnessed/certified nor represents a formal filing document. In other words, it is not a strong legal proof. In such cases we recommend requesting a letter/email from an internal or external legal counsel.
Thanks and regards,
Dmitri
{cid: image002.png@01D019E0.5242C2A0}
Dmitri Saks
AML Compliance Officer
Deutsche Bank Securities Inc.
60 Wall Street, New York, NY 10005-2836
Tel:
E-mail:
Mani/Dmitri
Please see the attached documents.
Please advise if there is anything additional needed.
Hi Anastasia,
Per your request, please find attached the following:
EFTA01420209
Southern Trust: All incorporation documents
Southern Financial: Operating Agreement and incorporation documents
In each document package, please disregard the DB PWM brokerage account documents, as they are not relevant. Please reach out with any further questions. Thank you.
Thanks
{https://brandportal.intranet.db.com/img/modules/logo.gif}
Kind Regards,
Mrs. Anastasia Pringle
Deutsche Bank Securities Inc.
Client Onboarding Equities
5022 Gate Parkway, Suite 500, 32256 Jacksonville, FL, USA
Tel.
Fax
Email
Please send all GED related emails to: Ged.account-opening@db.com
Anastasia,
Thank you, this is helpful. However, a proof of appointment of the Board of Southern Trust Company, Inc. (Jeffrey Epstein, Darren K. Indyke, Richard Kahn) is still required. This is because they signed the UBO confirmation document stating that Mr. Epstein is the sole shareholder of Southern Trust Company, Inc.
Also, Darren K. Indyke and Richard Kahn need to be identified as control persons in addition to Jeffrey Epstein, and the PCR/RDC checks for them need to be run and documented. This is because they control Southern Trust Company, Inc. which is the sole member of Southern Financial LLC.
Thanks and regards,
Dmitri
{cid: image001.png@01D01AC5.CCEC44A0}
Dmitri Saks
AML Compliance Officer
Deutsche Bank Securities Inc.
60 Wall Street, New York, NY 10005-2836
Tel:
E-mail:
Hi Dmitri,
We have got the alert review for the RDC alert received on Richard Kahn. During the alert review, we have found that these alerts are false positive.
Please refer to the below mail with regard to Alert review for your reference.
Please let us know, if anything is required from our end.
Thanks and Regards,
Manikandan Muralidharan
{cid: image001.gif@01D01B9A.2E284910}
Manikandan Muralidharan
U S - New Client Adoption
DBOI Global Services Private Limited Block 5, 6, 7, Velankani Tech Park, No.:43, Electronic City, Hosur Road, 560100 Bangalore, India
Tel.
Mobile
Email
Backup details
Ganesh Balaji
Bharath Kumar MS
For Escalations please contact
Level 1 - Karthik (
Level 2
Balaji
)/Kumud
{cid: image002.gif@01D01B9A.2E284910}
----- Forwarded by Manikandan Muralidharan/db/dbcom on 12/19/2014 08:53 PM
{cid:image003.png@01D01B9A.2E284910}
From:
{cid:image004.png@01D01B9A.2E284910}
Syed-Anzar Ahmed/db/dbcom
{cid:image003.png@01D01B9A.2E284910}
- EFTA01420202
To:
{cid:image004.png@01D01B9A.2E284910}
Manikandan Muralidharan/db/dbcom@DBAPAC,
{cid:image003.png@01D01B9A.2E284910}
Cc:
{cid:image004.png@01D01B9A.2E284910}
CAGNY NCA/db/dbcom@DBAmericas, Suresh-x Salimath/db/dbcom@DBAMERICAS,
Anantesh Anand/db/dbcom@DBAMERICAS
{cid: image003.png@01D01B9A.2E284910}
Date:
{cid:image004.png@01D01B9A.2E284910}
12/19/2014 08:42 PM
{cid: image003.png@01D01B9A.2E284910}
Subject:
{cid:image004.png@OlD01B9A.2E284910} Re: Fw: EDD package for the RID : ONB-120902 LKYCUS-3443 Party name : Southern Financial LLC - RDC alert Review - Very Urgent [I]
Classification: For internal use only
Hello All,
EFTA01420203
Please find the details below:
NO ESCALATION REQUIRED
- Richard Kahn
Alert #1:
Alert is False Positive. Mismatch Individuals. Our client name is Richard Kahn who is controlling person of Southern Financial LLC. Whereas, Alerted Individual name is Richard Jeffrey Kahn who is Wells Fargo Employee and was fined for unregistered activity.
http://www.bizjournals.com/southflorida/search?-
q=%22Jeffrey+Kahn%22&title=%3Fiframe%3Dtrue&width=95%25&height=95% 25+title%3-
D+title%3D+title % 3D+title%3D%20title=
Alert #2:
Alert is False Positive. Mismatch Individuals. Alerted Individual Name is Richard Kahn who violated NYSE Arca Equities Rule by failing to provide testimony as requested by FINRA.
https://www.google.co.in/url?url=https://www.nyse.com/pdfs/12-
ARCA-3.pdf&rct=j&frm=1&q=&esrc=s&sa=U&ei=MD6UVIedDsWPuAT924D0CQ&ved=0CBMQFjA-
A&usg=AFQjCNH6TerGChaK_BRHqY5DUNOCAX7ziw
Alert #3:
Alert is False Positive. Alerted Individual Richard L Kahn is not related to any entity and is a drug dealer as per internal research. Hence no escalation required.
NOTE: PCR is NO HIT
Kind regards,
{cid:image001.gif@01D01B9A.2E284910}
Syed-Anzar Ahmed Process Supervisor I COB - RDC LOOKBACK TEAM
DBOI Global Services Private Limited
Global Business Services
VTP,Electronic Cit , Hosur Road, 560100 Bangalore, India
Tel.
Mobile +
Email
- EFTA01420204
{cid:image002.gif@01D01B9A.2E284910}
{Inactive hide details for Manikandan Muralidharan---12/19/2014 08:23:07 PM---Classification: For internal use only Hi Team, Req}Manikandan Muralidharan---12/19/2014 08:23:07 PM---Classification: For internal use only Hi Team, Request you review the RDC hit received on "Richard K
{cid:image003.png@01D01B9A.2E284910}
From:
{cid:image004.png@01D01B9A.2E284910}
Manikandan Muralidharan/db/dbcom
{cid:image003.png@01D01B9A.2E284910}
To:
{cid:image004.png@01D01B9A.2E284910}
CAGNY NCA/db/dbcom@DBAmericas,
{cid:image003.png@01D01B9A.2E284910}
Cc:
{cid:image004.png@01D01B9A.2E284910}
Syed-Anzar Ahmed/db/dbcom@DBAPAC, Suresh-x Salimath/db/dbcom@DBAMERICAS,
Jofin Varghese/db/dbcom@DBAMERICAS, Sagar Prakash/db/dbcom@DBAMERICAS,
Kameshwaran Ns/db/dbcom@DBAPAC, Anantesh Anand/db/dbcom@DBAMERICAS
{cid: image003.png@01D01B9A.2E284910}
Date:
{cid:image004.png@01D01B9A.2E284910}
12/19/2014 08:23 PM
{cid: image003.png@01D01B9A.2E284910}
Subject:
{cid:image004.png@OlD01B9A.2E284910} Fw: EDD package for the RID : ONB-120902 LKYCUS-3443 Party name : Southern Financial LLC - RDC alert Review - Very Urgent [I]
EFTA01420205
Classification: For internal use only
Hi Team,
Request you review the RDC hit received on "Richard Kahn, one of the board of director of Parent entity, Southern Trust Company Inc.
(See attached file: Additional AML checks on Parent entity, board of director.pdf)
Additional document
(See attached file: 5 - SFLLC UBO.PDF)
Thanks and Regards,
Manikandan Muralidharan
{cid: image001.gif@01D01B9A.2E284910}
Manikandan Muralidharan
U S - New Client Adoption
DBOI Global Services Private Limited
Block 5, 6, 7, Velankani Tech Park, No.:43, Electronic City, Hosur Road,
560100 Bangalore, India
Tel. ██████████
Mobile +██████████
Email ███████████████████
Backup details -
Ganesh Balaji (███████████████)
Bharath-Kumar MS (█████████████████)
EFTA01420206
| For Escalations please contact Level 1 Karthik Level 2 - Balaji )/Kumud |
|---|
| {cid:image002.gif@01D01B9A.2E284910} |
| Forwarded by Manikandan Muralidharan/db/dbcom on 12/19/2014 08:13 PM |
| {cid: image003.png@01D01B9A.2E284910} |
| From: |
| {cid:image004.png@01D01B9A.2E284910} Anastasia Pringle/db/dbcom@DBCOEX |
| {cid: image003.png@01D01B9A.2E284910} |
| To: |
| {cid:image004.png@01D01B9A.2E284910} Dmitri Saks/db/dbcom, |
| {cid: image003.png@01D01B9A.2E284910} |
| Cc: |
| {cid:image004.png@01D01B9A.2E284910} Ged Account-Opening/db/dbcom@DBAmericas, US-CB S-AML/db/dbcom@DBAMERICAS, Manikandan Muralidharan/db/dbcom@DBAPAC |
| {cid: image003.png@01D01B9A.2E284910} |
| Date: |
| {cid:image004.png@01D01B9A.2E284910} 12/19/2014 08:01 PM |
| {cid: image003.png@01D01B9A.2E284910} |
| Subject: |
| {cid:image004.png@01D01B9A.2E284910} RE: EDD package for the RID: ONB-120902 LKYCUS-3443 Party name : Southern Financial LLC [I] |
EFTA01420207
Classification: For internal use only
Hello Dmitri,
Please see the background checks for the additional 2 CP's.
Please give an update to this request as soon as you can.
Thank you
{https://brandportal.intranet.db.com/img/modules/logo.gif}
Kind Regards,
Mrs. Anastasia Pringle
Deutsche Bank Securities Inc.
Client Onboarding Equities
5022 Gate Parkwa , Suite 500, 32256 Jacksonville, FL, USA
Tel.
Fax
Email
Please send all GED related emails to: Ged.account-opening@db.com
Anastasia,
The case has been submitted to the next level of approval.
Thank you,
{cid: image003.gif@01D01DD4.0DBF56A0}
US CB&S AML Compliance
AML Compliance
Deutsche Bank Securities Inc.
Compliance
Good morning,
Do we have an update on the below request.
Thanks
{https://brandportal.intranet.db.com/img/modules/logo.gif}
Kind Regards,
Mrs. Anastasia Pringle
Deutsche Bank Securities Inc.
Client Onboarding Equities
5022 Gate Parkway, Suite 500, 32256 Jacksonville, FL, USA
Tel.
Fax
Email
Please send all GED related emails to: Ged.account-opening@db.com
Hello Anastasia,
Could you please help to identify the Head of the Business through which this client is being onboarded. AML Compliance needs to have a discussion prior to approving this account.
Thank you.
{cid: image003.gif@01D01E0B.CE2B92A0}
US CB&S AML Compliance
AML Compliance
Deutsche Bank Securities Inc.
Compliance
Courtney/Mark,
Who is the head of the business for this request.
Thanks
{https://brandportal.intranet.db.com/img/modules/logo.gif}
Kind Regards,
EFTA01420196
Mrs. Anastasia Pringle
Deutsche Bank Securities Inc.
Client Onboarding Equities
5022 Gate Parkwa , Suite 500, 32256 Jacksonville, FL, USA
Tel.
Fax
Email
Please send all GED related emails to: Ged.account-opening@db.com
Forwarded by Carlos-A Garcia/db/dbcom on 12/23/2014 08:12 AM {cid: image001.png@01D01E88.865A3A30}
From:
{cid:image002.png@01D01E88.865A3A30}
Courtney B Fornal/db/dbcom@DBC0EX
{cid:image001.png@01D01E88.865A3A30}
To:
{cid:image002.png@01D01E88.865A3A30}
Anastasia Pringle/db/dbcom, US-CB S-AML/db/dbcom@DBAMERICAS, Mark Whyman/db/-
dbcom,
{cid: image001.png@01D01E88.865A3A30}
Cc:
{cid:image002.png@01D01E88.865A3A30}
Ged Account-Opening/db/dbcom@DBAmericas, Manikandan Muralidharan/db/-
dbcom@DBAPAC
{cid: image001.png@01D01E88.865A3A30}
EFTA01420195
Date:
{cid:image002.png@01D01E88.865A3A30}
12/22/2014 05:42 PM
{cid:image001.png@01D01E88.865A3A30}
Subject:
{cid:image002.png@OlD01E88.865A3A30} Re: EDD package for the RID : ONB-120902 LKYCUS-3443 Party name : Southern Financial LLC [I]
Classification: For Internal Use Only
Anastasia, that would be me. What is the issue?
https://ederivatives.db.com/static/disclaimer.html
Hello Wayne,
From the information listed below, it appears that Courteney B Formal is the head for this request.
Kind regards,
EFTA01420194
Carlos Garcia
John -
EFTA01420193
Here is the Director-level business person who is sponsoring this account:
Courteney B. Fornal
Based on this information, who would be the right senior business person to escalate this matter?
Note: The Corporate Directory does not list any manager or corporate hierarchy for Ms. Fornal.
Kind Regards,
Wayne Salit
fyi
Mike,
Thanks for flagging this to me - Reputational risk in the retail space is something we should review from the CBS perspective. I need to discuss with Courtney how he has been adopted by AWM and not raising the red flags around his past and current press.
Can we find time next Tuesday when I am in the office to review this more fully? Baby arrived early last week so I am on paternity leave..
Hi Ted,
I hope that you are well. CB&S (Equity Structured Products) is in the process of on boarding Southern Financial as a client whose principal is Jeffrey Epstein. Mr. Epstein is currently on boarded as a AWM client of DB in spite of him having served a jail sentence for charges related to pedophilia. During the current on boarding process, new concerns have come to light relating to Mr. Epstein's prior criminal past. These concerns have been escalated by AML Compliance. In addition to these new charges, several media outlets have run unflattering stories about Mr. Epstein over the past several days. Please see the links below. Although the charges against Mr. Epstein are not regulatory or credit related, conducting new business with him could have an adverse reputational impact upon DB. Could you please let me know your thoughts with regard to on boarding him as a CB&S client? Please feel free to call me in order to further discuss. Thank you.
Regards,
EFTA01420192
Mike
http://nypost.com/?s=prince+epstein
o The prince and the sex offender: Prince Andrew and Jeffrey Epstein's mysterious relationship