This document is a Know Your Customer (KYC) form for a client with a total net worth of $50,000,000. The client is not a professional service provider acting as a financial intermediary, nor is it a private equity fund, hedge fund, or cash-intensive business. The entity is a Personal Holding Company (PHC) or Personal Investment Company (PIC) located in the Virgin Islands, U.S. The shares are registered, and the beneficial ownership has been confirmed by the client. The client is well-known to the Private Banking (PB) team and has a longstanding relationship with JPMorgan. The expected activity includes low levels of asset purchases/sales and incoming international wires, with the initial and ongoing source of funding from First Bank Virgin Islands Bank. The account's purpose is for purchasing securities for future wealth accumulation.
documents/vol00010-efta01480793-pdf.pdf
{"key_people":["JPMorgan employees"],"document_type":"financial","key_locations":["Virgin Islands, U.S."],"document_subtype":"KYC Document","key_organizations":["JPMorgan Chase","First Bank Virgin Islands Bank"]}