JPMorgan Chase reported to the U.S. government over $1 billion in transactions linked to Jeffrey Epstein, raising concerns about potential connections to human trafficking. This information was revealed in documents that emerged following a court order, requested by the New York Times and the Wall Street Journal. The bank submitted a suspicious activity report (SAR) in 2019, shortly after Epstein’s death in a New York jail, detailing approximately 4,700 transactions associated with Epstein and various high-profile individuals.
The SAR specifically noted wire transfers from Epstein to Russian banks, and the findings suggested that some transactions involved notable figures, including Leon Black, Glenn Dubin, and Alan Dershowitz. Notably, the report mentioned $65 million in wire transfers between banks tied to trusts owned by retail mogul Leslie Wexner. However, it did not provide specifics about the nature of these transactions or their suspicious characteristics.
Throughout its 15-year relationship with Epstein, JPMorgan faced legal scrutiny linked to the financier’s previous criminal convictions. The unsealed documents are part of ongoing litigation initiated by the U.S. Virgin Islands, where Epstein managed financial dealings and owned property, including a private island. In recent litigation, JPMorgan settled claims concerning Epstein without admitting fault.
Officials from JPMorgan stated that the reports demonstrate the bank’s proactive monitoring of Epstein’s activities and compliance with regulatory requirements. Despite this, some surrounding individuals, including Dubin and Dershowitz, have claimed their transactions were unrelated to Epstein’s illegal activities. As of now, none named in the reports have been charged with any crimes associated with Epstein’s actions. A representative for Black declined to comment, and efforts to reach Wexner have not received a response.
Source: https://www.theguardian.com/business/2025/oct/31/jp-morgan-jeffrey-epstein-transactions