Illegal Activity
suspicious
Blackmail
none
Date
2018-12-19
Document Type
KYC Form
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:44
Summary
This KYC form documents the relationship between Deutsche Bank and Long Term Insured Credit Fund LLC, including details about the fund's ownership structure, key individuals, and financial activities. The document highlights a potential compliance issue related to a class action lawsuit against MLC Investments Limited, the trustee of two major investors in the fund.
Metadata
- Subject
- DB PWM GLOBAL KYC/NCA: PART A
- Sender
- —
- Recipients
- —
- Document ID
- 01993196
- Date
- 2018-12-19
Illegal Activity
- Severity
- suspicious
- Description
- The document mentions a class action lawsuit against National Australia Bank and its wealth management business MLC. This is a shared news item, not a first-hand account of illegal activity by the sender.
- Content Type
- news_report
- Shared Content
- Yes
Evidence:
- Class action lawsuit against National Australia Bank and its wealth management business MLC for 'unconscionable conduct' by selling credit card insurance to holders who were ineligible to claim under its term.
Relationships 6
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Long Term Insured Credit Fund LLC | Managed by | ESM Management LLC | Long Term Insured Credit Fund LLC is managed by ESM Management LLC |
| ESM Management LLC | Ownership | Eric S Meyer | Eric Meyer owns 60% of ESM Management LLC |
| ESM Management LLC | Ownership | William Vandewater | William Vandewater owns 40% of ESM Management LLC |
| MLC Investments Limited | Trustee | Low Correlation Strategy Trust | MLC Investments Limited is the Trustee for Low Correlation Strategy Trust |
| MLC Investments Limited | Trustee | WM Pool Equities Trust No.78 | MLC Investments Limited is the Trustee for WM Pool Equities Trust No.78 |
| National Australia Bank | Wealth Management Business | MLC Investments Limited | MLC Investments Limited is part of National Australia Bank's wealth management business |
Notable Quotes 3
Client was introduced through the Head of Banking, Charlie Burrows.
Immediately following the admission of one or more Members on the Closing Date, the Initial Member, by its execution and delivery of a counterpart of this Agreement, shall resign from the Fund and shall have no further rights or claims against, or obligations as the Initial Member of, the Fund.
MLC Investment Limited is the Trustee to two large Australian superannuation (Pension) funds in Australia. These funds are KYC parties to our account holder.
Red Flags 2
- RDC alert regarding MLC Investment Limited due to a class action lawsuit against National Australia Bank and its wealth management business MLC.
- Past litigation involving individuals associated with the account, although deemed false positives or closed cases.
Financial Information
Amounts:250mn100,000100000000 USD250000000 USD81,796,000.0065,000,000.00$500 MM +85,000,000.00150.000.000.00125.000.000.00$500 MM +90,000,000.00
Assets:
- Fixed income bonds
- Corporate Assets
- Investment funds of Australian retires
Transactions:
- Incoming• 250mn in Fixed income bonds over life of fund
- 100,000 outgoing per every 2 months • residual interest going back to investors
- Funds will be wired from Citibank New York for Low Correlation Strategy Trust and WM Pool Equities Trust No. 78
Public Knowledge
- Context
- The class action lawsuit against National Australia Bank and MLC is likely to be of interest to the media.
- Media Worthy
- Yes
Legal Compliance
- Class action lawsuit against National Australia Bank and its wealth management business MLC for 'unconscionable conduct' by selling credit card insurance to holders who were ineligible to claim under its term.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealingsCompliance issues
People 12
Organizations 12
Deutsche BankDB GroupLong Term Insured Credit Fund LLCESM Management LLCMLC Investments LimitedLow Correlation Strategy TrustWM Pool Equities Trust No.78Citibank New YorkNational Australia BankCarlyle GroupVermillionWNL Limited
Locations 11
New YorkCayman IslandsUnited StatesAustraliaChicagoMA282 38TH STREET New York NY United States 10018262 West 38th Street, Suite 507. New York, NY 100181209 Orange Street Wilmington 19801 United States105.153 Miller Street North Sydney NSW 2060 AustraliaCayman Corporate Centre, 27 Hospital Road George Town KY1.9008 Cayman Islands
Financial Entities 3
Citibank New YorkDeutsche BankNational Australia Bank
Text Analysis
- Tone
- Informative
- Purpose
- To document KYC information for the Long Term Insured Credit Fund LLC relationship with Deutsche Bank.
- Significance
- This document provides detailed information about the client, its ownership structure, and its financial activities, which is crucial for KYC and AML compliance.
File Info
- File Name
- EFTA01394836.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:44:00.428912
- DOJ Source
- View on DOJ