JPMorgan emails and 2003 due diligence report approving Jeffrey Epstein as a client

EXHIBIT 162¶

From: To: Sent: Subject: Attachments: 10/24/2006 3:18:32 PM Re: Question on BACs picl 1 224.g if: pic15748.gif¶

Thanks!¶

Mary Managing Director IPMorgan Private Bank 345 Park Ave. New York, NY 10154 tel: (212) 464-0374 fax: (212) 464-1912¶

IRS Circular 230 Disclosure:¶

IPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly. any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.¶

The Private Bank Risk Management and Control Group - Tel 713-216-5136 Fax 713-216-6984¶

The Prii ate Bank Risk Management and Control Gmup - Tel 713.216.5136 Fax 713-216-6984¶

To: Mary CMJPMCHASE(JPMCHASli aB le K Subject Re: Question on 13ACsa 10/24/2006 10:17 AM¶

Mary -¶

The only time BAC has any impact is at the inception of the client. We were having problems with the DDR in that when clients were being reassigned to other bankers with multiple BACs to choose from, the system would just leave the BAC area blank. If the banker needed to update the DDR, they were unable to do so if the BAC area was blank. We decided that since the BAC area has no impact at any other time except upon the establishment of the client, we would allow the system to just default to the first BAC of the receiving banker so that area would not be blank and would not cause any problems when the banker needed to update the DDR.¶

Hope that adequately answers your question :o)¶

Regards,¶

Bonnie Mary C ‘JPMCHASE I¶

Mary C III/JPMCHASE¶

10/24/2006 07:53 AM¶

IL Bonnie,¶

ToBonnie K M/IPMCHASEOPM CHA SE cc SubjectQuestion on BACs¶

I had to referrence the below DDR yesterday and I noted that the Banker BAC as noted below is incorrect. I was on Financial Markets, not Business Owners, when this DDR was approved. Does that impact anything? Of course, I have since moved to EMEA so my current BAC is different as well although Mr. Epstein remains my client.¶

I would appreciate your thoughts,¶

Mary¶

Mary Managing Director JPMorgan Private Bank 345 Park Ave. New York, NY 10154 tel: (212) 464-0374 fax: (212) 464-1912¶

IRS Circular 230 Disclosure:¶

WMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with IPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.¶

Forwarded by Mary C MJPMCHASE on 10/24/2006 08:48 AM ---¶

USCG Due Diligence Report - Individual¶

DDR Name: Jeffrey Epstein tv DDR Status: Process Completed¶

marked with 4 are required¶

Banker Information¶

Banker:	‘Nary C M1PMCHASE
LE/OU:	99/31167
Banker	8631—BUSINESS OWNERS II

Case 1:22-cv-10904-JSR Document 242-2 Filed 07/25/23 Page 4 of 10
Banker
FNEN:		01

Banker Hinton:¶

07/28/2006 11:00:04 PM - CRD Mary C MJPMCHASE. 07/15/2006 11:00:44 PM - CRD M Matusow/JPMCHASE. 142006 11:00:44 PM - CRD JPMCHASE. 07/07/2006 11:00:21 PM - CRD Robert Bay na rd/JPMCHASE. 06/24/2006 11:00:45 PM - CRD M Matusow/PMCHASE. ii.i2006 11:00:30 PM - CRD JPMCHASE. 04/22/2005 10:10:28 PM - CRD / Notrix changed: Banker from Jeffrey M Matusow/JPMCHASE to / Notrix changed: Banker from Mary C ‘JPMCHASE to Jeffrey / Notrix changed: Banker from Robert Baynard/JPMCHASE to Mary C / Notrix changed: Banker from Jeffrey M Matusow/JPMCHASE to / Notrix changed: Banker from Mary C al3PMCHASE to Jeffrey / Notrix changed: Banker from Mary Rieth/JPMCHASE to Mary C / Notrix changed: Banker GID from 00000043917 to U043917.¶

IDM ID Link Information _J¶

The DM for this DDR is DM Name -JEFFREY E. EPSTEIN CAS ID - 9710670708. The following DDR’s are associated with this Decision Maker .¶

Family Interests, LP -	Mary C - 03/12/2003
Maxwell, Ghislaine -	Mary C - 03/31/2005
New York Strategy Group, LLC -	Mary C - 04/16/2003
The C.O.U.Q. Foundation, Inc. -	Mary C - 01/28/2004
	Mar C - 02/08/2004 Mary C - 02/08/2004 Mary C - 08/06/2004
FORUMS, LLC -	Mar C - 10/20/2005
Indyke Holdings, LLC -	Mary C - 09/12/2005
LYN & 3030 LLC -	Mary C - 07/31/2006
YHS, LLC - a.	Ma C - 09/22/2006
Ranch Lake III, Inc. -	Mary C - 10/04/2006
Ranch Lake II, Inc. -	Ma C - 10/04/2006
Health & Science Interest II -	Ma C
Health & Science Interests II Trust -	Mary C
International Charitable Interest II -	Mary C
Financial Trust Company, Inc. -	Mary C - 05/21/2003
Financial Trust Coat	Inc. - Mary C - 08/11/1999
Epstein, Jeffrey -	Mary C - 05/21/2003

IName/ContactInfirnuttion¶

Fri	Only Select “New Client” if this entity will be a
[IIs	this DDR being used for multiple entities?
FilLast Name:	‘Epstein

First Name:	Jeffrey
Middle Name/Initial:
Previous Last Name(s):
Title:
Business Name:	J. Epstein & Co. (To Record Individual’s Ownership Or Employer)

		Primary Address	Business Address
	Name:	Jeffrey Epstein
4	City:
4	State:
4	Postal/Zip Code:
4	Country:		UNITED STATES

Rl Legal Entity:	lIndividual / Joint
I •11	Industry Code:
S Citizenship:	I USA
4	iax ID # :
	Home Phone: O

Introduction Information¶

Introduction Type:		Other
Specific Information:		Jeffrey Epstein is an existing client. (Please identify Client, Type of Account etc.)
Met With Principal?
If you did not meet the Principal, give an indication of why you haven’t met the individual and when you will.		N/A
What form of government issued identification document did you obtain for the files?

Financial Information¶

e	Occupation, Business or
do	Net Worth of Client:	$ 300 (US millions)
4	Documentation/
	Source Of Wealth:	Earned
4	Please Describe:	Epstein has made his wealth managing money for wealthy

Transaction Profile/Expected Account Activity¶

What is the purpose/intended use of this account? (Describe why the account is being opened?)
Please check the types of account and expected activity for this legal entity (inflows and outflows of securities and cash) - check ALL that apply: Account Activity Level: Low (1-5 transactions/month) Medium (6-12 trs/month) High (over 12 trs/month) DDA/MMIA: SDI: Investment Management: Funds: Other:	Account		Activity Level: Low (1-5 transactions/month) Medium (6-12 trs/month) High (over 12 trs/month)	DDA/MMIA:			SDI:			Investment Management:			Funds:			Other:
Account		Activity Level: Low (1-5 transactions/month) Medium (6-12 trs/month) High (over 12 trs/month)
DDA/MMIA:
SDI:
Investment Management:
Funds:
Other:
Transaction Profile/Expected Account Activity What are the expected sources of inflows and destinations of transfers, countries and types of payors or payees? Where is the money coming from? For Example, a bank. Epstein has a checking account in personal name and a large trading account for his company, Financial Trust Company LLC.

Required Security Services Checks¶

e Security Search Type: Note for Security Services: Please list any specific Full¶

search requests/instructions to Security Services here¶

’Security Services Information¶

A Security Services Check is REQUIRED for New Clients and Prospects¶

This section to be completed by the Security Services Group:¶

List Individuals and Corporate Entities Investigated:¶

Jeffrey Epstein was fully research in New York, Florida and available international databases only.¶

J. Epstein & Co. was searched through derogatory news reports and regulatory sanctions only.¶

Please Note: Research has revealed Jeffrey Epstein to have used the name Jeff Epstein and Jerrery Epstein. Research w as conducted on all variations.¶

Investigation indicates Jeffrey Epstein to have affiliations in California and Colorado. Records in these states were not searched. Please note, research in these states may reveal company affiliation records, civil suits, state court records and criminal history. This research can be completed upon request of the client advisor. These searches require additional time (two business weeks) and cost.¶

Please Note: All research is subject to the availability of electronic database resources.¶

Attachment:¶

[attachment “210203b.doc” deleted by Bonnie K /3PMCHASE]¶

Search Type Is Further	Security Service Details: Banker Response:
Yes	Social security number

		York. Date of birth is listed as Last reported
		address used b Jeffre E
		E was Mr. Epstein has had previous addresses in California and Colorado. Jeffrey E Epstein possesses a Florida Driver License. See attached word document. (27-37)
Publications	No	Nothing derogatory was found. Please note: Due to the commonality of the name “Jeffrey Epstein” research was conducted using identifiers given or found, middle initial/name and derogatory terms.
Regulatory Sanctions OFAC/Control List Search	Yes	According to the NFA, Jeffrey E Satisfactory. Epstein is a member. His NFA ID Number is listed as 0078035. There are no Regulatory Actions, NFA Arbitration Awards, or CFTC Reparations Cases against this individual.
iby: (Signed	[	Vanessa A Budhu
’Dated:	[	05/21/2003 10:25:41 AM

’Individual Checks¶

If A Background Check Has Been Carried Out,¶

Then Both The Date Of The Check And Comments From The Findings Of That Check Are Required.¶

At least one Background Check needs to be performed OUTSIDE THE NETWORK (Third Parts Validation).¶

If Security Services will check this DDR, you NEED NOT obtain a Lexis Nexis or D&B report.¶

Background Check		Date (Required If Check Carried Out)	Comments (Required If Check Carried Out)
		05/12/2003	Jeffrey Epstein is an existing client and has been trading foreign exchange with the firm for 7 years. He manages money for high net worth individuals, specifically [REDACTED] [REDACTED] was a JPM client and then

			retained Epstein as his advisor.
			Epstein is well known to many JPM employees. The purpose of this DDR is to refresh our due diligence on Mr. Epstein as we are going to be increasing his credit exposure to do additional foreign exchange trading with his personal trading vehicle.

I Suntmary¶

Please state your conclusions Include your rationale understanding client regarding the principal’s background, reputation, and character. for doing business with this entity, and other information important to or ownership structure of assets¶

	Summary Of Findings:		Jeffrey Epstein, through the trading of his accounts and that of [REDACTED] generates one of the largest annual revenue flows of private clients in the private bank. As we seek to increase our business with him, we are refreshing our due diligence on him and his company, Financial Trust Company.
	Anticipated Product(s)		Deposits; SDI

Number Assignments¶

4	Standalone Entity?	If this legal entity is or will be a Client (PCN) or
40	SPN Required?
	CAS ID:	9710670708

[Approval Information¶

	Public/High Profile	No
Figure	Figure	No
	<= Click for examples	Click to bring up the Private Bank’s Public & High Profile Figures procedures — >
	High Risk Jurisdiction	No
	<= Click for examples	Click to bring up the Private Bank’s High Risk Jurisdictions and Business procedures — >
	Click to Open Up the FATF and FINCEN advisory countries --- >	Click to Open Up the FATF and FINCEN advisory countries --- >

High Risk Business No
<= Click for examples
Banker:	Mary C [REDACTED] /JPMCHASE
LE/OU:	99/31167
Senior Manager:	Tad C [REDACTED]
Annual / Periodic Review Information
Annual/Periodic Review Due in:	36 months
Periodic Review Comments :

Banker Approval Information¶

Based on my due diligence and the information provided , I approve the acceptance of Jeffrey Epstein n as a Client. Mary Rieth 05/28/2003 08:34:02 AM¶

Senior Manager Approval Information¶

Based on the information provided and the approval granted by Mary Rieth, i approve the acceptance of Jeffrey Epstein n as a Client.¶

Tad C 05/28/2003 09:04:04 AM¶

Document History¶

Created: 05/12/2003 By: Mary Rieth¶

Last Modified: 05/28/2003 09:04:09 AM By: Tad C¶

Submitted: 05/14/2003 By: Mary Rieth¶

Audit History¶

Converted Tracking Document History:¶

• 1. Client Manager Approval by: Mary Rieth on 05/28/2003 08:34:02 AM.
• 2. Senior Manager Approval by: Tad C on 05/28/2003 09:04:12 AM.
• 3. Awaiting Security Services Research by: Mary Rieth on 05/14/2003 11:15:48 AM.
• 4. Security Services Sign-Off by: Vanessa A Budhu on 05/21/2003 10:25:48 AM.