EFTA01418505.txt Text dataset_10 View on DOJ

This email chain documents the Enhanced Due Diligence (EDD) process for onboarding Southern Financial LLC as a client of Deutsche Bank, focusing on verifying the Ultimate Beneficial Owner (UBO) and control persons. The process involves identifying Jeffrey Epstein as the sole shareholder of the parent company, Southern Trust Company, Inc., and addressing potential red flags related to Richard Kahn, a controlling person of Southern Financial LLC.

Subject

RE: EDD package for the RID : ONB-120902 LKYCUS-3443 Party name : Southern Financial LLC [I]

Sender

Wayne Salit <E

Recipients

Dmitri Saks

Document ID

ONB-120902 LKYCUS-3443

Date

2014-12-23

Severity

suspicious

Description

The document references news articles related to Richard Kahn, specifically mentioning that one Richard Kahn was fined for unregistered activity and another violated NYSE Arca Equities Rule. However, these are presented as false positives and are not directly linked to the Richard Kahn associated with Southern Financial LLC. The document also mentions that another Richard L Kahn is a drug dealer as per internal research. This is shared content and not a first-hand account of illegal activity by the participants in the email chain.

Content Type

news_report

Shared Content

Yes

Likelihood

possible

Description

The document does not contain explicit blackmail indicators. However, the repeated emphasis on verifying the UBO and control persons, especially Jeffrey Epstein, and the need for proper documentation could be interpreted as a cautious approach to mitigate potential risks associated with the client, which could include reputational risks or legal liabilities. The level of scrutiny applied to Epstein's involvement could be seen as a preemptive measure against potential future issues.

"Epstein is also the sole shareholder of Corporation" (i.e., Southern Trust Company, Inc.), and "the Corporation is the sole member of Southern Financial LLC"

"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 note that the UBO verification document is signed by the alleged UBO himself and may not be accepted as such."

• The UBO verification document for Southern Financial LLC is signed by the alleged UBO himself, which is flagged as potentially unacceptable.
• Richard Kahn, a controlling person of Southern Financial LLC, triggered RDC alerts, although these were deemed false positives.
• The need for a proof of appointment of the Board of Southern Trust Company, Inc. (Jeffrey Epstein, Darren K. Indyke, Richard Kahn) is highlighted, suggesting potential issues with the initial documentation.

• http://www.bizjournals.com/southflorida/search?-q=9622Jeffrey+Kahn9622&title=963Fiframe963Dtrue&width=959625&height=959625+title963-D+title963D+title963D+title963D9620title=
• https://www.google.co.in/url?url=https://www.nyse.com/pdfs/12-ARCA-3.pdf&rct=j&frm=l&q=&esrc=s&sa=U&ei=MD6UVIedDsWPuAT924DoCp&ved=0CBMQFjA-A&usg=AFQjCNH6TerGChaK_BRHqY5DUNOCAX7ziw

Context

The involvement of Jeffrey Epstein in Southern Financial LLC, and the due diligence process undertaken by Deutsche Bank, could be of interest to the media, especially given Epstein's history and the scrutiny surrounding his financial dealings.

Media Worthy

Yes

• Need for proper UBO verification and documentation for Southern Financial LLC.
• Need to identify and run PCR/RDC checks on all control persons of Southern Trust Company, Inc. (Jeffrey Epstein, Darren K. Indyke, Richard Kahn).

Financial transactions/money flowLegal matters/litigationBusiness dealingsCommunications/correspondenceCompliance issues

Wayne SalitDmitri SaksCarlos-A GarciaJan BornebuschCourteney FornalWilliam SheltonTed GonedesAnastasia PringleMark WhymanManikandan MuralidharanRichard KahnRichard Jeffrey KahnSyed-Anzar AhmedSuresh-x SalimathAnantesh AnandJofin VargheseSagar PrakashKameshwaran NsSujith ShettyDarren K. IndykeJeffrey EpsteinGanesh BalajiBharath-Kumar MSKarthikBalajiKumud

Southern Financial LLCDeutsche Bank Securities Inc.CB&S MarketsDBOI Global Services Private LimitedSouthern Trust Company Inc.Wells FargoNYSE Arca EquitiesFINRADBSIDeutsche Bank

New York, NY60 Wall Street, New York, NY 10005-28365022 Gate Parkway, Suite 500, 32256 Jacksonville, FL, USAElectronic City, Hosur Road, 560100 Ban alore, IndiaBangalore, India

Southern Financial LLCWells Fargo

Tone

Professional

Purpose

The purpose of this email chain is to facilitate the Enhanced Due Diligence (EDD) process for onboarding Southern Financial LLC as a client of Deutsche Bank. The emails discuss the identification of the Ultimate Beneficial Owner (UBO) and control persons, as well as the completion of required AML checks.

Significance

This document is significant because it shows the due diligence process undertaken by Deutsche Bank when onboarding a new client, Southern Financial LLC, and highlights the involvement of Jeffrey Epstein as the sole shareholder of the parent company, Southern Trust Company, Inc.

File Name

EFTA01418505.txt

Dataset

dataset_10

Type

Text

Model

gemini-2.0-flash-001

Processed

2026-02-07T18:41:32.403642

DOJ Source

View on DOJ