Multiple lenders are facing questions as to why they failed to flag suspicious activity linked to Jeffrey Epstein until after his 2019 arrest and death, despite his 2008 conviction for soliciting prostitution from a minor.
Epstein remained a client of major financial institutions for years after his conviction, prompting lawmakers and litigants to argue that banks did not apply adequate know-your-customer and anti-money laundering controls, and delayed filing suspicious activity reports.
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