The U.S. Virgin Islands is seeking $190 million in penalties from JPMorgan Chase for the bank’s failure to report disgraced financier Jeffrey Epstein’s sex-trafficking operation
In the filing, the Virgin Islands’ attorney general’s office said it wants JPMorgan Chase to place new policies to detect and prevent human trafficking.
“I am gratified that the victims have received some measure of compensation from the bank, but more needs to be done to hold JPMorgan Chase accountable and to ensure this does not happen to another generation of women and girls,” said U.S. Virgin Islands Attorney General Ariel Smith, who also noted that the government has plans to dedicate funds from any judgement to improving local law enforcement and services for victims of human trafficking.
The bank denied the charges and argued that the claims by the Virgin Islands government were “not well founded and are being challenged by JPM in court.”
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