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Hi Darren,
As discussed, below are the KYC items needed for onboarding the new art fund:
•
Name
Prytanee,1,11:
•
Tax ID Number
•
Date of Incorporation
July 22, 2016 (it is not a corporation; it is an LLC and this is its date of the filing of its Articles of
Organization in the USVI)
•
Certificate of Good Standing dated within 1 year (or certificate of formation if new entity)
Certificate of Existence, dated August 5, 2016, is attached.
•
Operating agreement showing ownership percentages
Also attached is the Operating Agreement showing 50% ownership by Southern Trust Company,
Inc., a USVI Corp., and 50% Ownership by The Pierre Trust, a newly formed Grantor trust formed
in the USVI by a French national who is the grantor, trustee and, during her lifetime, the
beneficiary. She does not have a US tax ID number at this time.
•
Resolution showing proof of signing authority on the account. You will note that the
Operating Agreement, signed both by Southern Trust Company and The Pierre Trust shows that
Etienne Binant is the initial manager of the Company with the responsibility to manage the
company. The operating agreement specifies his management authority. I have no resolutions
because he is the sole manager and there has been no other appointment of a manager. What
other forms might you need for Etienne and what might you need to evidence that JE has
signing authority as well. Please provide the necessary form.
For the 50% trust owner of the fund, we will need the following:
•
Name
The Pierre Trust, a revocable Grantor Trust
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0053077
CONFIDENTIAL
SONY GM_00199261
EFTA01363176