Big banks enabled Epstein sex trafficking, U.S. senator says
Wyden says JPMorgan Chase, Deutsche Bank and Bank of America delayed reports on more than $1 billion in Epstein-linked transactions, possibly violating anti-money-laundering laws.
- On Tuesday, Democratic Senator Ron Wyden released a Senate Finance Committee report alleging that JPMorgan Chase, Deutsche Bank, and Bank of America enabled Jeffrey Epstein by ignoring suspicious financial activity over nearly two decades.
- Internal bank records show bankers were aware of suspicious transactions as far back as 2002, yet institutions largely kept concerns private until Epstein's 2019 arrest, potentially violating Bank Secrecy Act reporting requirements.
- Banks permitted more than $1 billion in transfers, including roughly $170 million linked to billionaire Leon Black, which investigators claimed lacked legitimate business purposes; the report faults institutions for failing to conduct appropriate due diligence.
- Deutsche Bank stated it "regrets" the connection and cooperated with authorities, while Bank of America denied wrongdoing; Wyden argued the report provides "a ready-made roadmap for prosecutors" to hold financial institutions accountable.
- Wyden's legislative efforts were blocked by Senator Marsha Blackburn, who publicly called for transparency while privately declining to support measures requiring the Treasury Department to release Epstein-related records.
18 Articles
18 Articles
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US Senator Wyden urges regulators to probe Wall Street banks over Epstein accounts - Regional Media News
Aug 4 (Reuters) - U.S. Democratic Senator Ron Wyden called for federal regulators to probe big banks over their handling of Jeffrey Epstein's accounts after surfacing what Wyden said was potential evidence that the banks failed to report suspicious transactions linked to the late convicted sex offender. In a report released on Tuesday, Wyden alleged that Bank of America, Deutsche Bank and JPMorgan Chase may have violated federal anti-money laund…
US Senator Wyden urges regulators to probe Wall Street banks over Epstein accounts
Aug 4 (Reuters) - U.S. Democratic Senator Ron Wyden called for federal regulators to probe big banks over their handling of Jeffrey Epstein's accounts after surfacing what Wyden said was potential evidence that the banks failed to report suspicious tra...
Big banks enabled Epstein sex trafficking, U.S. senator says
Several major Wall Street banks ignored or failed to report Jeffrey Epstein’s suspicious financial transactions, enabling his extensive sex trafficking operation, U.S. Sen. Ron Wyden concluded in a Tuesday report.
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