None
EN
US Senator Wyden urges regulators to probe Wall Street banks over Epstein accounts
[]
104.1 KSGF
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 laundering laws by failing to report Epstein’s suspicious transactions in a timely manner.
Deutsche Bank said in a statement that it takes its legal obligations seriously and regrets its historical connection with Epstein.
“We began flagging suspicious transactions for the government as early as 2002 and throughout our relationship…even after we closed his accounts,” she said.
“We have cooperated with regulatory and law enforcement agencies regarding their investigations and have been transparent in addressing deficiencies and investing in strengthening our control environment in parallel,” a Deutsche Bank spokesperson said.