Senate Democrats say banks turned blind eye to suspicious moves by Jeffrey Epstein

Senate Democrats released a report alleging that major banks ignored red flags and failed to report suspicious financial transactions involving Jeffrey Epstein prior to his 2019 arrest. The investigation highlights significant lapses in banks' compliance with anti-money laundering regulations and their obligation to file suspicious activity reports. This oversight potentially allowed Epstein's illicit financial operations to continue undetected for longer than they should have.