Senator Ron Wyden Report Accuses Major Banks of Ignoring Epstein Sex‑Trafficking
Senate Finance Committee ranking member Ron Wyden released a 67‑page report titled “Looking the Other Way,” accusing JPMorgan Chase, Deutsche Bank and Bank of America of failing to report suspicious transactions tied to the late financier Jeffrey Epstein. The report says Deutsche Bank did not promptly report more than $250 million in suspicious wires, including payments to women in Russia and other Eastern‑European countries. Bank of America flagged $170 million in transactions linked to former Apollo CEO Leon Black that were tied to Epstein, while JPMorgan identified over $1 billion in suspicious activity only after Epstein’s 2019 death. Wyden’s office calls for stricter anti‑money‑laundering rules and legislation that would require senior bank officials to annually certify that their wealthiest clients are properly vetted. The report also criticizes the U.S. Department of Justice and Treasury for insufficient due‑diligence in the Epstein investigation. Epstein died by apparent suicide in a New York jail in 2019 while awaiting trial on federal sex‑trafficking charges.
Entities: Bank of America · Deutsche Bank · JPMorgan Chase · Jeffrey Epstein · Ron Wyden
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The report criticizes the U.S. Department of Justice and Treasury for insufficient due‑diligence in the Epstein investigation. (Wyden’s report)
- [● 3 SOURCES] The report alleges JPMorgan Chase, Deutsche Bank and Bank of America failed to promptly report suspicious transactions tied to Epstein. (Wyden’s report)
- [● 3 SOURCES] Senator Ron Wyden released a 67‑page report titled “Looking the Other Way” accusing major banks of enabling Jeffrey Epstein’s sex‑trafficking. (Wyden’s office)
- [○ 1 SOURCE] Deutsche Bank failed to report more than $250 million in suspicious transactions linked to Epstein, including payments to women in Russia and Eastern Europe. (Wyden’s report)
- [● 3 SOURCES] The report calls for stricter anti‑money‑laundering rules and legislation requiring senior bank officials to annually certify client vetting. (Wyden’s report)
- [○ 1 SOURCE] JPMorgan identified over $1 billion in suspicious transactions only after Epstein’s 2019 death. (Wyden’s report)
- [● 2 SOURCES] Jeffrey Epstein died by apparent suicide in a New York jail in 2019 while awaiting trial on federal sex‑trafficking charges. (public record)
- [○ 1 SOURCE] Bank of America flagged $170 million in transactions tied to former Apollo CEO Leon Black that were related to Epstein. (Wyden’s report)