This document is a monitoring alert from Deutsche Bank Private Bank dated June 15, 2017, regarding Southern Financial LLC, a company based in the U.S. Virgin Islands. The alert highlights a critical risk priority associated with Southern Financial Group, an entity involved in SEC violations related to insider trading and securities fraud. The document references a final judgment by the USDC for the Middle District of North Carolina against Southern Financial Group and others for a high-yield investment scheme defrauding investors of approximately $30 million.
documents/vol00010-efta01364025-pdf.pdf
{"title":"Deutsche Bank Private Bank Monitoring Alert","key_people":["Tracy Dunlap"],"document_date":"2017-06-15","document_type":"financial","key_locations":["Virgin Islands, U.S.","Greensboro, North Carolina, United States"],"document_subtype":"Bank Monitoring Alert","key_organizations":["Deutsche Bank Private Bank","Southern Financial LLC","Southern Financial Group","SEC","USDC for the Middle District of North Carolina","Elfindepan S.A.","Strategic Asset Funds S.A."],"reference_numbers":["KYC 1790655","Alert ID: 9476247.11602637.65374193","Entity ID: 65374193","Riskid: R2601172"]}