EFTA01480787.pdf

Provide detailed and specific information. The source of wealth will derive from the personal assets of Jeff Epstein. Jeff Epstein is self-employed investoffentrepieneur. Jeffrey Epstein (SSN: "Rim is an existing client of . e is an acute RIM US Citizen) ac ebrokerage client across asset classes currently covered by the Firm's GO desk. Jeffrey Epstein has been an investment advisor for numerous high net worth chants and also a personal investor. Jeffrey is very accessible and well known to the team. We have advised him on investments as well as estate planning opportunities. Jeffrey has continues to be well connected across business channels. Epstein is well known to several PM P8 employees and senior management tic/Wing Jes Staley. Also, Mr. Epstein was convicted of a felony charge in 2006. Jos Staley conferred with Stephen Cutler and the decision was made to keep Mr. Epstein as a PB client Mr. Epstein completed his sentence and probation in 2010. The relationship has been reviewed with senior management and compSancolegal on a few occasions over the post year as news stories of Jeffrey's past are picked up. No now claims or stories have surfaced recently. Which country ties) is(are) the Client's primary Source of UNITED STATES Wealth or Income derived? Is this an Operating Company? No Total Net Worth S 50000:00.00 What was the total net worth based on? Financial Statements Is this client a Professional Service Provider acting as a No financial Intermediary (Gatekeeper/Financial Liaison), with assets held on behalf of one or more unidentified underlying clients unknown to the bank? Is this entity a Private Equity Fund (Venture Capital Fund or No Leveraged Buyout)? Is this a Hedge Fund? (Pooled Investment vehicles (often No partnerships) that primarily invest financial capital of third party investors in enterprises that are too risky for the standard capital markets or bank loans.) Is this a Cash Intensive business? (Cash-Intensive No businesses/entities exist in various industry sectors and include, but are not limited to convenience stores, grocery stores, restaurants, bars, retail stores, liquor stores, cigarette distributors, privately owned ATMs, vending machine operators and parking garage operators.) Is this entity any of the following business types? aa. None of the above Is the Entity a Personal Holding Company (PHC) or Personal Yes Investment Company (PIC) located in an offshore jurisdiction? Is the PHC/PIC managed by JPMC? (Trustees of the entity are No JPMC employees, e.g., PHC managed in Nassau/Geneva/Delaware) Have you received copies of the shares or listing of shares? Yes Are the shares registered or in bearer form? Registered PHCIPIC Location VIRGIN ISLANDS. U S Did the client confirm with you that the beneficial ownership Yes Is as stated within this KYC? Did the client confirm that he/she would inform you if Yes beneficial ownership changes? Was the "Confirmation of Beneficial Ownership" document Yes received from the beneficial owner? Please attach the J.P. Morgan Confirmation of Beneficial Ownership document to the KYC. List the number of shares that have been issued 1000 00 Business Case Please specify why you are comfortable with this client given Jeffrey Epstein was asked to exit the firm in August of 2013. The the identified risk factorial. Your answer is your - business accounts are in the process of moving to another bank and should case- and should detail all mitigating factors. be closed out by year-end. Provide client history/detail, including when the relationship Jeffrey has been a client for over 10 years was established. how it came to be in PB/PWM, client's association with other JPM LOBS, etc. Client known to whom (JPMorgan employees), how well, and Senior management. including Mary Erdoes. knows Jeffrey how long: Overall PBMWM relationship size and type of accounts: >$100 million Is this a shared client, what other LOB has a relationship with No the client? Provide relationship manager name (if known). client of other LOB since (date), and relationship size? When was the last time you met the client? What was the I met with the client in June of 2013. reason for the meeting? Describe any significant changes in the client's information Jeffrey Epstein was asked to exit the firm in August of 2013. The or material events that may have occurred over the last year accounts are in the process of moving to another bank and should (Examples: address changes, change in authorized persons be closed out by year-end. on accounts, change in account type, change in business. change in net worth, etc,). Cash Activity: Summarize client cash activity during the All accounts are in the process of transitioning to Deutsche Bank. period reviewed and explain the purpose I use of the funds: so all cash is moving out. Wire Activity: Summarize client wire activity during the All accounts are in the process of transitioning to Deutsche Bank. period reviewed and explain the purpose I use of the funds, so wire activity has diminished. including any International/cross border wires: Confidential Treatment Requested by JPM-SDNY-00003009 JPMorgan Chase CONFIDENTIAL SDNY_GM_00272207 EFTA01480787