Disgraced financier and convicted pedophile Jeffrey Epstein did not grow his global sex trafficking enterprise on his own. He needed financial institutions to provide the financial underpinnings of his venture.

Compliance Week’s latest case study, “The Banks Behind the Epstein Enterprise,” tells an old story through a new lens. The report offers a deep dive into the anti-money laundering (AML) compliance failures—and alleged complicity—of JPMorgan Chase and Deutsche Bank, the two banks that enabled the Epstein enterprise to flourish for decades.

It features exclusive interviews with a former New York State Department of Financial Services regulator, a world-renowned money laundering expert, AML compliance officers, expert financial crime fighters, and more.

Read on—Chapter 1: Compliance v. complicity: The ‘underbelly’ of bank culture

 

Aly McDevitt is Data & Research Journalist at Compliance Week. She has a background in education and college consulting. Prior to teaching, she was an editor/author at Thomson Reuters.View full Profile

More from Aly McDevitt

Topics

Case study: ‘The Banks Behind the Epstein Enterprise’

Epstein case study cover 3x2

This Compliance Week case study offers a deep dive into the anti-money laundering compliance failures—and alleged complicity—of JPMorgan Chase and Deutsche Bank, the two banks that enabled the Jeffrey Epstein enterprise to flourish for decades.