March 6, 2018 mile and First Cl Honorable Eliot L. Engel Ranking Member House Committee on Foreign Affairs ‘Washington, D.C. 20515 Honorable Norma J. Torres ‘Member of Congress Washington, D.C. 20815 Dear Congresswoman Torres and Congressman Engel We received your February 27, 2018 letter inquiring about The Trump Organization's (the knowledge of and role in the sale of units at the Trump Ocean Club Panama (the Please be advised that the Company was never the owner, developer or seller of units in the Project. Instead, like many of ts competitors in the hotel business, the Company's involvement ‘as limited to licensing its brand and managing the condominiums.’ As a result, the Company ‘was not responsible forthe financing or sale of unis at the Project. With respect to the Global Wimess report, the Company is not aware of any evidence thatthe Project was involved in or was being unwitingly used for money laundering, and the Company has safeguards in place to detect and prevent its involvement in any such activities. ‘We thank you for the opportnity to address these issues and sincerely hope that our responses have satisfied your concems. fly, Ww Alan Gi ——— ce: Honorable Ed Royee Chairman House Committee on Forsign Affaire "The Company continues to manage the hotel condominium. 1725 FIFTH AVENUE « NEW YORK, NV 10022 + (212) 832-2000 - FAX (212) 935-0141