RE: NCA's Completed in May/Up (Funda Bozkurt, June 04, 2018)

If the BSF is required for all WM OTC Derivatives accounts going forward, that's fine (though I'm not sure why this changed and who made that decision), but my overriding concern at this point is this: if GM will not rely on the WM KYC anymore, why are they relying on a (questionable) WM determination of PEP status of the UBO? We are being told this account needs AFC exception approval to onboard, but I'm not sure who made this determination. Thank you, Davide From: Funda Bozkurt Sent: M