Overview
- The Senate Finance Committee report released Tuesday, August 4, 2026, says investigators found a pattern of major banks not properly reporting or escalating large Epstein-related transfers and calls for criminal and regulatory probes.
- Wyden’s review alleges Deutsche Bank delayed reporting more than $250 million in questionable transfers, Bank of America failed to properly screen roughly $170 million in payments tied to Leon Black, and JPMorgan processed over $1 billion in transfers while allegedly advising transactional workarounds.
- The banks named in the report publicly disputed Wyden’s conclusions and said they met legal obligations with prior filings and cooperation with regulators.
- Wyden says the Treasury Department denied his multiple requests for on-site access to suspicious activity reports or SARs after President Trump took office, leaving congressional investigators without key confidential documents.
- A separate strand of the story notes that a planned 60 Minutes investigation based on an interview with Sen. Wyden was never completed after correspondent Sharyn Alfonsi left CBS, which leaves some reporting on the banks’ conduct publicly unfinished.