04:56 PM EDT, 10/31/2025 (MT Newswires) -- (Updates with JPMorgan's ( JPM ) comment in the fourth and fifth paragraphs.)

JPMorgan ( JPM ) flagged more than $1 billion in potentially suspicious transactions related to Jeffrey Epstein just weeks after the financier's death in 2019, the New York Times said Friday, citing a previously sealed internal report by the bank.

The largest US bank alerted the government to about 4,700 transactions totaling around $1 billion, allegedly suspicious activity involving Epstein and several prominent Wall Street and business figures.

JPMorgan ( JPM ) in its report stated it pointed to the transfers as they were potentially associated with reports of human trafficking involving Mr. Epstein. It also cited Epstein's wire transfers to Russian banks and sensitivities around "his relationships with two U.S. presidents," as per the New York Times.

"The [suspicious activity reports] do confirm what's been inferred all along: the bank filed SARs about Epstein early on, and specifically when it exited Epstein from the bank in 2013 -- and repeatedly between 2013 and 2019, as required," a JPMorgan ( JPM ) spokesperson told MT Newswires via email.

"It does not appear that anyone in the government or law enforcement acted on those SARs for years," the spokesperson added.

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