EFTA01368132.pdf

Jeffery Epstein began his financial career in 1976 as an options trader at Bear Stearns and became a partner in 1980. In 1982. Epstein Please provide founded his own financial management firm, J. Epstein & Co., managing the assets of clients with more than a billion in net worth. In 1996, additional Epstein changed the name of his firm to The Financial Trust Company and based it on the island of St Thomas in the US Virgin Islands, explanation. which merged into Southern Financial US. All of his clients were anonymous except for the very wealthy businessman Leslie Wexner. His wealth has come from his days at Bear Stearns and his financial management firms. Due Diligence Level Specifty the level of due diligence being performed Enhanced Due Diligence EDD Summary Is EDD Applicable? Yes Have Source of Funds been verified? Yes What verification has been performed on the Source of Funds explanation The annual report provides the evidence for SOF for Southern Financial received LLC What evidence has been obtained which supports the Source of Funds activity? The annual report provides the evidence for SOF for Southern Financial LLC Does the evidence obtained satisfy reliability and independence criteria?(Source of Funds) Yes Have Source of Wealth been verified', Yes o Jeffery Epstein began his financial career in 1976 as an options trader at Bear Stearns and became a partner in 1980. In 1982. What verification has Epstein founded his own financial management firm, J. Epstein & Co., managing the assets of clients with more than a billion in been performed on the net worth. In 1996, Epstein changed the name of his firm to The Financial Trust Company and based it on the island of St. Thomas Source of Wealth in the US Virgin Islands, which merged into Southern Financial LLC. Allot his clients were anonymous except for the very wealthy explanation received? businessman Leslie Wexner. His wealth has come from his days at Bear Stearns and his financial management firms. What evidence has been obtained which supports the Source of Wealth Business Activity? SCR confirmation Does the evidence obtained satisfy reliability and independence criteria? Yes Confirm all UBO(s) with an ownership of 10% or more (directly or indirectly) been identified & verified and the requirements obtained? Yes Internet Searches / NLS Yes Did the Internet searches /h/LS uncover any adverse media? Yes Please provide detail ROC Alert on the sole owner of Southern Financial. Has the use of a External vendors been used as directed by the Business? No Please provide a detailed explanation N/A. Has the EDD Memo been completed and appended to the KYC file? Yes Bearer Shares Are you aware of the presence of Bearer Shares? No - — Nature of Business Page 5 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059793 CONFIDENTIAL SDNY_GM_00205977 EFTA01368132