EFTA01373765.pdf

This e-mail is confidential and must not be shared with any third party (including the client) or anyone internally - other than your direct management chain (e.g. Caroline, etc.) as required. Please let me know if you require any additional information. Kind Regards, Wayne Salit From: Jan Ford Sent: Friday, February 06, 2015 8:16 AM To: Stuart Clarke; Carol Saracco Cc: Jan Bornebusch; Wayne Salit Subject: RE: Jeff Epstein [I] Classification: For Internal use only Hi Stuart and Carol, As you know, we agreed last week at RRC to continue business as usual with Jeff Epstein based upon Chip Packard's due diligence visit with him. I want to make sure the minutes for the RRC meeting accurately reflect what we agreed, so I asked AML to help re-construct the direction we had given the business. Subject to everyone's agreement, I believe the guidance was, and should continue to be, as follows (but anyone can jump in to correct this): 1. The client may continue to conduct trades and transactions in existing accounts without Compliance pre- approval, provided that the business has determined these transactions do not involve any unusual and/or suspicious activity or are in a size that is unusually significant or a novel structure. 2. Consistent with this, CB&S may also "open" accounts to facilitate activity as a booking matter where the activity has already been approved in AWM. 3. In addition, the business will need to monitor for any further developments in connection with the reputational risk of this client relationship and to review transaction/activity conducted in the accounts for any activity, size or structure as described in #1 above. Many thanks, Jan Elizabeth J. Ford Managing Director I Head of Compliance. Americas Deutsche Bank 60 WaU Street New York. NY 10005 Tel Em CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0068120 CONFIDENTIAL SDNY_GM_00214304 EFTA01373765