Senate Democrats say banks turned blind eye to suspicious moves by Jeffrey Epstein

News Senate Democrats say banks turned blind eye to suspicious moves by Jeffrey Epstein August 4, 20261:43 PM ET Scott Horsley A report from Senate Democrats says big banks had concerns for years about suspicious money transfers made by Jeffrey Epstein. But in most cases those worries went unreported until Epstein was charged with sex-trafficking. Martin Bureau/AFP hide caption toggle caption Martin Bureau/AFP A report from Senate Democrats says big U.S. banks had concerns for years about money moves made by Jeffrey Epstein — but largely kept those worries to themselves until after Epstein was arrested on sex-trafficking charges in 2019. Law Powerful people, random redactions: 4 things to know about the latest Epstein files The report from Democrats on the Senate Finance Committee, which was released by Sen. Ron Wyden of Oregon, says more than a dozen bankers at JPMorganChase, Bank of America and Deutsche Bank were aware of suspicious transactions Epstein made as far back as 2002. But in most cases, the report alleges bankers failed to alert the Treasury Department until years later, after Epstein was arrested and charged with sex-trafficking. The report is based on a review of Treasury reports, internal bank records and legal filings. Sponsor Message Under the Bank Secrecy Act, bankers are supposed to notify the government whenever they suspect a client is moving funds to launder money or carry out other illegal activities. "By failing to report—or choosing not to report — his suspicious financial transactions to federal law enforcement, these banks allowed Epstein to send cash payments and wire transfers to his victims, friends, and collaborators around the world," the report says. "The bankers who needed to be asking questions didn't ask them. Jeffrey Epstein's crimes were hiding in plain sight." Dems are seeking answers The report points to thousands of transactions over nearly two decades and totaling more than a billion dollars. Some of the claims were previou...