EFTA Document EFTA01399265

Wealth Management AmericasBNew Business InitiativesBDecember 2018 Prepared for: Oliver Esslinger Prepared on: 12/20/18 Prepared by: Melanie Keefe / BSO EFTA01399265 Insufficient experienced supervisory resources in key control groups across 1st and 2nd lines of defense Distinct need for a qualified, experienced 2nd LoD who will respond promptly and knowledgably with reliable insight and engaged solutions Resource evaluation for DCO / BSO / ORM / Legal / Compliance Insufficient number of qualified licensed supervisors in a number of areas More supervisors are having to delegate more responsibilities and then losing touch with the details Not all have a solid understanding of the regulatory requirements of their role LatAm business increases risks related to complex structures and potential for money laundering BSO Observations 1 EFTA01399266 Overview of WM Statistics Topic Title Title Commentary 1 (Slide 3) RM: 2018 new hires 13 3 Miami, 3 NY, 3 Geneva, 2 Chicago, 1 LA, 1 San Francisco 2 (Slide 4) New Clients / New Accounts 1547 235 LatAm; 1312 USO 3 (Slide 5) Latin America Statistics 235 accounts High 138, Moderate 56, Low 41 4 (Slide 6) Miami Statistics 140 accounts High 61, Moderate 43, Low 36 5 (Slide 7) Temporary Waivers / Exceptions 51 exceptions Approved 47; Overdue 1; Upcoming 1 (No Permanent Exceptions) 6 (Slide 8) Client Acceptance Forum Escalations 2 new clients reviewed Navarro — Accepted Patronato Benefico Oriental of the US - Rejected 7 (Slide 8) Complex Structures 2 Aromatiss and Long Term Insured Credit Fund 8 (Slide 10) Cross Border Training 4 trainings Connect2Learn: 3 online trainings; 1 training delivered remotely EFTA01399267 EFTA01399268 Relationship Manager - Hiring Statistics 3 cid:[email protected] EFTA01399269 New Clients / New Accounts 4 EFTA01399270 Latin America Business 5 Observations: Client Risk Program (CRP) issues raised for Venezuelan clientele BIU reports have been ordered to maintain these relationships LatAm clientele with domicile (either UBO or POA) in Netherlands DBSI surrendering broker dealer license in Netherlands 3 Fraud issues raised in 2018 Mons internal fraud identified in 2018 For the last 2-3 years, LatAm teams have not had appropriately licensed supervisors from a broker dealer perspective EFTA01399271 Miami Business 6 EFTA01399272 * Refer to Excel file for details: 1 Temporary Exception Overdue (shown in red) 3 Temporary Exceptions Future Due (in yellow) — Jan 2019 47 Temporary Exceptions already Approved and Deadline Met (in green) 0 Permanent Exceptions Temporary Waivers and Exceptions 7 EFTA01399273 Client Acceptance Forum 8 2 New Clients reviewed in CAF: EFTA01399274 Two KYC's for entities with complex structures Aromatiss (Global Print and Org Chart) Long Term Insured Credit Fund (Global Print and LLC LTICF) Complex Structures 9 EFTA01399275 Connect2Learn trainings (provided to all WM employees): Anti-Financial Crime - KYC Level 2 Policy Version 3.2 Training for WM Staff Delivered remotely on 4/17/18 Compliance - Cross Border Risk Management Training Completion due by 12/9/18 Anti-Financial Crime - Anti-Fraud, Bribery and Corruption Completion due by 12/9/18 Anti-Financial Crime - Anti-Money Laundering, Counter Terrorist and Proliferation Financing Completion due by 1/28/19 Cross Border Training 10 EFTA01399276 Additional Details: Latin America Strategy Approach 11 EFTA01399277 EFTA01399278 DBWM_3D-logo_wind energy_en Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level { # } Confidential Confidential EFTA01399279 Click to edit Master text styles Second level Third level Fourth level Fift level { # } Deutsche Asset & Wealth Management EFTA01399280 { # } Deutsche Asset & Wealth Management EFTA01399281 Title Slide - one line subtitle \\192.168.2.2\daten\Kunden\DWS DeAWM Deutsche Bank_V2007\Arian_Masterumstellung_DEZ\Logos\Final\DeutscheBankWM_Identifier_- only_RGB.wmf Click to edit Master title style Click to edit Master subtitle style Confidential Confidential EFTA01399282 Title Slide - two line subtitle \\192.168.2.2\daten\Kunden\DWS DeAWM Deutsche Bank_V2007\Arian_Masterumstellung_DEZ\Logos\Final\DeutscheBankWM_Identifier_- only_RGB.wmf Click to edit Master title style Click to edit Master subtitle style EFTA01399283 Agenda 01 Click to edit Master title style EFTA01399284 Agenda 02 \192.168.2.117\daten\Kunden\DWS\ Stammdaten\Vorlagen\2013\DAWM PPT Templates- _FINAL\DAWM_pptx\DE\DAWM_Header_tayout_6.jpg Click to edit Master title style EFTA01399285 Section Divider 01 \192.168.2.117\daten\Kunden\DWS\ Stammdaten\Vorlagen\2013\DAWM PPT Templates- _FINAL\DAWM_pptx\DE\DAWM_Header_tayout_6.jpg Click to edit Master text styles Click to edit Master text styles EFTA01399286 Section Divider 02 \192.168.2.117\daten\Kunden\DWS\ Stammdaten\Vorlagen\2013\DAWM PPT Templates- _FINAL\DAWM_pptx\DE\DAWM_Header_tayout_6.jpg Click to edit Master text styles Click to edit Master text styles Click to edit Master text styles EFTA01399287 One Content - content area only Click to edit Master text styles Second level Third level Fourth level Fifth level Click to edit Master title style Click to edit Master text styles { # } { # } EFTA01399288 One Content - content title and area Click to edit Master text styles Second level Third level Fourth level Fifth level Click to edit Master title style Click to edit Master text styles Click to edit Master text styles { # } EFTA01399289 One Content - content title only Click to edit Master title style Click to edit Master text styles Click to edit Master text styles { # } EFTA01399290 Two Content - content areas only Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level Click to edit Master text styles Second level Third level Fourth level Fifth level Click to edit Master text styles Click to edit Master text styles { # } EFTA01399291 Text left / Picture right Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level Click icon to add picture Click to edit Master text styles Click to edit Master text styles { # } EFTA01399292 Picture left / Text right Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level Click icon to add picture Click to edit Master text styles Click to edit Master text styles { # } EFTA01399293 Picture and text left and right Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level Click to edit Master text styles Second level Third level Fourth level Fifth level Click icon to add picture Click icon to add picture { # } EFTA01399294 Two Content - Click to edit Click to edit Second level Third level Fourth level Fifth level Click to edit Second level Third level Fourth level Fifth level Click to edit Click to edit Click to edit Click to edit { # } content titles and areas Master title style Master text styles Master text styles Master text Master text Master text Master text styles styles styles styles EFTA01399295 Two Content - content titles only Click to edit Master title style Click to edit Master text styles Click to edit Master text styles Click to edit Master text styles Click to edit Master text styles { # } EFTA01399296 Slide title only Click to edit Master title style Click to edit Master text styles { # } EFTA01399297 Blank Click to edit Master text styles { # } EFTA01399298 Free Click to edit Master title style <?xml version="1.0" encoding="UTF-8" standalone="yes"?> <root regver="21047"><version val="22216"/><CSmartGrid id="1"><m_setguidGridlines/><m_containerse idref="2"/><m_cgenconnk<m_sltbsc idref="3"/><m nPpVersion val="3377700153066472"/><m cadvisesink/></- CSmartGrid><CkTBSizeCalculator id="3"><m econsstat val="0"/><m bPlaced val="0"›</CSLTBSizeCalculator><CContaineiSE id="2"><m_agrdlnancilor><elem id ref="4"/><elem 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Patronato CAF Memo Global Print Aromatiss LLC LTICF Global Print LTICF Aromatiss Org Chart All Cust All EFTA01399302 Accounts Temp Exceptions EFTA01399303