Episode Details

Senator Ron Wyden called on federal regulators to investigate Bank of America, Deutsche Bank and JPMorgan Chase over their handling of Jeffrey Epstein’s financial accounts, alleging that the banks may have failed to identify and report suspicious transactions quickly enough. Wyden’s findings followed a four-year investigation drawing on suspicious activity reports, court records, lawsuits and information obtained from the Treasury Department and financial institutions. His report alleged that Bank of America failed to properly screen and report roughly $170 million in payments to Epstein, while Deutsche Bank allegedly delayed reporting more than $250 million in suspicious wire transfers, including payments to women in Russia and other parts of Eastern Europe.


Wyden also accused JPMorgan of delaying reports concerning more than $1 billion in Epstein-linked transfers, including payments involving women in Russia and Belarus. JPMorgan rejected that allegation, saying it had flagged suspicious activity as early as 2002 and continued reporting concerns even after ending its relationship with Epstein in 2013. Bank of America denied facilitating wrongdoing, while Deutsche Bank expressed regret over its historical relationship with Epstein and said it had cooperated with regulators and strengthened its controls. Reuters noted that it had not independently verified the details of Wyden’s report, while the Treasury Department declined to say whether any investigation was underway.



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source

US Senator Wyden urges regulators to probe Wall Street banks over Epstein accounts | Reuters