Examples of BJB Bahamas in a sentence
The calculations undertaken by the staff member at BJB Bahamas show that CHF 64,518.89 was paid to Mr Merinson in respect of the Third FX Transaction.
Agency Evidence of Compliance:The Lee County Board of County Commissioners (BOCC) has the responsibility of following the guidelines set forth in the Florida State Statutes.
In the email, she explained that Mr Merinson and Mr Feldman wanted to transfer funds from BJB Bahamas on account of a leak of information.
On 22 October 2010, BJB Senior Manager A, following a discussion with Mr Seiler, sent an email to Ms Whitestone (copying in Mr Seiler and the BJB Bahamas Senior Manager) asking her to send a short and simple business case to justify the increase in the Finder’s fees for Mr Merinson, including estimating recurrent income to which the proposed 35% Finder’s commission rate would apply and ‘one shot transaction income’ to which the proposed rate of 70% would apply.
Mr Raitzin and Mr Seiler were aware that the ‘framework’ Mr Raitzin had requested, which was designed to address the concerns of the BJB Bahamas Senior Manager, had not been put in place at this time and would not be until ‘early next year’, but nonetheless Mr Raitzin approved the Second Commission Payment and Mr Seiler took no steps to prevent it.
On 16 August 2011, a staff member at BJB Bahamas emailed Ms Whitestone and others to confirm the trade and questioned why the bank had made such a high margin on the trade.
Also on 23 November 2010, Ms Whitestone arranged for the JBI Trader to carry out a further set of FX transactions on Fair Oaks’ BJB Bahamas account at commission rates which exceeded Julius Baer’s standard margin rate – the Second FX Transaction.
On 29 December 2011, a staff member at BJB Bahamas emailed Ms Whitestone in relation to the ‘2011’s transactions’ and stated ‘I wanted confirmation that we are only to pay out one one-off retrocession for the conversion of EUR7mil into USD on 15th August.
The BJB Bahamas Senior Manager stated that the proposed payment to Mr Merinson would be withheld until discussions with Mr Seiler ‘and/or’ Mr Raitzin had taken place and that he required the relationship to be ‘validated by hierarchy’ prior to taking any further steps to effect payment.
Fair Oaks, a company incorporated in the British Virgin Islands and the wholly owned subsidiary of Yukos Hydrocarbons, opened an account with BJB Bahamas in September 2010 (with Ms Whitestone as the relationship manager).