01 Criteria

Criteria based on which the options were chosen

Deutsche Bank
Account
02 Option Descriptions
vs. Descriptions of the available options and their offerings

Alternative Solutions
Comparison of the options found for FNG
03 Comparison of Options
Advantage, disadvantages, costs etc.

04 Requirement Timeline
Necessary steps and time constraints to move forward
 Criteria
Objective: Establish a bank facility with the capacity to transact large
volume globally, discreetly, without encumbrance and excessive oversight
.

•
Deutsche Bank Quick Setup
Bank account must be in Deutsche Bank Account to be arranged within days rather than
or bank with similar access and ease of months. Relationship and arrangement with bank
transactions and approach must be established already.

Target Two Transfer Frankfurt

Target Two transaction for discreet large volume Bank location preference Frankfurt as first priority
and discreet transfers in the form of MT103 GPI but similar or better suited locations may be
with code or SWIFT STP Wire transfer considered.
 Establish DB Acquire German Acquire German Utilize 3rd Party Utilize 3rd Party Establish in Establish in
Account in Company Without Company Ledger to Ledger Luxembourg a Luxembourg a
OPTIONS German DB Account With
DB Account
Transaction
(3rd Party accounts
Correspondence
Accounts
Commercial
Account
Private Banking
DB Account
in same bank) NOT DB
1 2 3 4 5 6 7
Description Establish a DD A German company A German company An option exists to use Third parties FNG is able to Deutsche Bank offers
account will take over with a strong banking with a strong banking an American available who offer establish a commercial private banking in
one month and will relationship has been relationship has been investment company bank accounts to account with a top tier Luxembourg for large
require full scrutiny of identified for sale. It identified for sale that has platforms. receive large bank in Luxembourg. transactions with
the bank. can immediately open with a Deutsche Bank This company will act volume The advantage is discretion.
Large transactions a Deutsche Bank account. as third party transactions for re- discreet transactions in
may not be easy or account. The lawyer requires participant. It offers transfer to desired significant sizes. The Again, this is a
have T2 Transaction The lawyer requires POF before moving ledger to ledger beneficiary tax laws are lenient personal banking
privilege. POF before moving forward. solution whereby it account. and transactions can service not
A minimum of 25000 forward. There will be 3rd will offer its bank be made with minimal commercial.
euros needs to be The company will party consultancy accounts in Tier 1 Transactions can be scrutiny.
deposited into the ensure minimum fees involved in order banks for large made with minimal Deutsche bank does
account depending on deposit is in the to establish ability for transfers and will re- scrutiny but NOT have commercial
the size of company account and can be large volume transfer them to any require 30-50% banks in Luxembourg.
credited towards the transactions. account. Ledger to fee.
cost. A minimal deposit of ledger means they will
There will be 3rd party 50,000 Euro required. offer an account in the
consultancy fees Banking relationship SAME bank as the final
involved in order to for large volume beneficiary account
establish ability for transaction can be and will do a discreet
large volume facilitated by the tax transfer.
transactions. lawyer on the Their fee is reimbursed
Lawyer can ensure a account. in 60 days if you invest
25000 euro is in their platforms
deposited in the which are based on
account. American government
and investment grade
instruments.
 Establish DB Acquire German Acquire German Utilize 3rd Party Utilize 3rd Party Establish in Establish in
Account in Company Without Company Ledger to Ledger Luxembourg a Luxembourg a
OPTIONS German DB Account With
DB Account
Transaction
(3rd Party accounts
Correspondence
Accounts
Commercial
Account
Private Banking
DB Account
in same bank) NOT DB
1 2 3 4 5 6 7
Cost Minimal 125,000 Euro 200,000 Euro 35% Transaction fee 30- 50% Minimal Minimal
25,000 already in the 50,000 must be (reimbursed in 60 days Transaction Fee 30000 to establish
account deposited in account if platformed) through tax lawyer

Requirement CIS of Company CIS of Company (for CIS of Company (for CIS of Company CIS of Company CIS of Company Bank statements
Bank statements name transfer) name transfer) Recipient Bank details Recipient Bank Bank statements KYC of owner
KYC of owner POF POF POF details KYC of owner
Annual report data KYC of owner KYC of owner Annual report data

Deutsche Yes Can be established YES Any account will work Any account will No YES
Bank Account immediately for transfer of any size work But similar commercial But personal account
bank arrangements

Target 2 Large With HIGH scrutiny Moderate scrutiny Moderate scrutiny No scrutiny No scrutiny Minimal scrutiny Minimal scrutiny
transactions Large transfers Large T2 transfers Large T2 transfers Large transfers Large transfers
depend on existing
bank relationship

Duration 4- 6 weeks 1 week 1 week Immediate Immediate 2 weeks 1 week

Advantages Full control of account Full control of account Full control of Unlimited Large T2 Unlimited Large T2 Full control Full control
account transfers. Fee transfers Large transfers Large transfers
reimbursed if invested Discreet Little scrutiny
in platform (American)

Constraints Requires longer and Requires longer and Requires longer and High front end fee No fee No T2 transfers but Personal account
stronger bank stronger bank stronger bank Fee reimbursement reimbursements large transfers possible. only and not to be
relationship. Cannot relationship. Cannot relationship. Cannot only if invested with and no control of used for corporate
escape scrutiny. escape scrutiny. escape scrutiny. them for few months funds transactions

In order to expedite the establishment of the required Deutsche Bank account in Frankfurt through the acquisition of an existing German company or with an DB Account with
the required banking arrangement, the following timeline and requirements are necessary.
Step1
Acquire or establish a German based
company in order to obtain a Deutsche
Bank account quickly
2 Days
REQUIRED
• Company CIS
• Personal KYC details including
utility bill of residence
• Bank statement o company
Requirement
REQUIRED
• After company bought, official
name change procedure with the
respective authorities to be
administered by the lawyer
• Presentation by lawyer or
consultant to the bank will be
prepared.
• Company CIS for name change
4 Days
Step 2
Arrange for a lawyer to change the name
of the acquired German company to
FNG
Step 3
Pay the fees to the lawyer for the
procurement of the German company, (Can be simultaneous with step 1)
the change of name, and bank account
REQUIRED
and financial arrangement • Personal KYC details
• Utility bill of residence
• Bank statement of existing personal
account
2 Days
4 Days
REQUIRED
• Payment to lawyer and consultant
for completion of full procedure.
Step 4
Establish a personal account at Deutsche
Bank in Luxembourg as back up.