JPMorgan pays $75 million to settle lawsuit over Jeffrey Epstein ties

JPMorgan Chase has reached a settlement with the US Virgin Islands over a lawsuit alleging the bank enabled Jeffrey Epstein’s sex-trafficking crimes.

The settlement includes “significant commitments” by JPMorgan Chase to curtail human trafficking, and a $75 million payment to the US Virgin Islands.

The USVI attorney general sued JPMorgan Chase in December in the Southern District of New York, claiming that the bank benefited financially from disgraced financier Epstein’s sex-trafficking operation and failed in its duty to report suspicious financial activity, according to a press release from the attorney general.

JPMorgan said in a statement Tuesday that it was not conceding any liability in the settlement, reiterating that it “deeply regrets any association” with Epstein.

A federal judge will ultimately have to approve the settlement.