From: David Stern <EIMINI=> To: Jeffrey Epstein <[email protected]> Subject: Date: Sat, 28 Jan 2012 23:50:54 +0000 This is from the leading private wealth law firm, Withers. I copy the last point they made: could this be of interest/use for us? 7. We touched on a planning technique used by a number of our clients. The nature of modem anti-money laundering rules generally requires confirmation as to the identity of the original source of funds. A route to prevent this disclosure if it is seen as unattractive is to interpose a regulated or listed vehicle within the structure on the basis that many anti money laundering codes do not require verification of the owners of such entities. We have implemented this planning previously using entities regulated in Luxembourg and the Channel Islands. From: Graves, Katie [mailto Cc: Munro, Philip Subject: Potential new matter You asked us to follow up the meeting by setting down a summary of some of the key points discussed: 1. You suggested that there was now a particular desire on the part of high net worth investors to achieve a degree of 'ring-fencing' in the structuring of their investments as opposed to simply focusing on growth. This has been a particular concern of our clients following the banking crisis with clients concerned both in respect of the potential for claims to arise against them personally, and also in respect of contagion risk with pooled investments. Trusts can be useful vehicles in terms of trying to safeguard assets from creditor and third party claims such that they have a role in relation to the first concern. The second concern, in practice, tends to be addressed through ensuring the segregation of assets at investment level with the implementation of appropriate custodianship arrangements. 2. You described the wealth management platform you are envisaging creating as an 'asset management service', your idea being that the platform would facilitate the investment ideas