Ron Wyden’s Report on Wall Street and Jeffrey Epstein (Part 8)

Senator Ron Wyden’s Senate Finance Committee investigation concluded that major Wall Street institutions repeatedly failed to detect, scrutinize, and promptly report financial activity that helped sustain Jeffrey Epstein’s sex-trafficking operation. The report focused primarily on JPMorgan Chase, Deutsche Bank, and Bank of America, alleging significant failures under federal anti-money-laundering requirements. Investigators found that Epstein moved enormous amounts of money through the banking system, including millions in cash withdrawals and thousands of wire transfers, while banks frequently failed to file timely suspicious-activity reports. JPMorgan alone retroactively flagged thousands of transactions worth more than $1 billion years after much of the acti...