You really just need to look at Exhibit A in Wyden’s memo (dated Wednesday) based on unsealed court records: the number of transactions flagged as suspicious between 2002 – 2016, vs. a flurry of almost $1.3 billion in suspicious transactions that the bank scrambled to file right after Epstein died in jail awaiting trial.
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According to internal bank emails, JPMorgan may have held off on filing the SARs (suspicious activity reports) because it wanted “to continue working with Epstein,” who was a great source of referrals despite firing him as a client in 2013, the report found.
The bank said in late October that “it was flagging about 4,700 transactions, totaling more than $1 billion, because they were potentially related to reports of human trafficking involving Mr. Epstein. It also mentioned Mr. Epstein’s wire transfers to Russian banks and sensitivities around “his relationships with two U.S. presidents.”