Pedophile Financial Accountability Act
Sponsored By: Senator Wyden, Ron [D-OR]
Introduced
Summary
FinCEN investigation into possible Bank Secrecy Act violations tied to Jeffrey Epstein's financial transactions. The bill would direct the Financial Crimes Enforcement Network to probe banks and employees, review suspicious activity reports, and report findings and potential criminal referrals to Congress within 100 days.
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- Financial institutions and employees: The investigation would review whether banks, including JPMorgan Chase and Bank of America, delayed or underreported suspicious activity tied to large cash withdrawals, deposits, and wire transfers involving Epstein or his associates.
- Employee and executive conduct: FinCEN would examine whether employees requested records substantiating multi-million dollar payments to Epstein and whether senior executives allowed staff to keep working with him after money laundering concerns emerged.
- Report and referrals: The Director would submit a report to Congress within 100 days that may include suspicious activity reports and would refer employees to the Attorney General for potential willful Bank Secrecy Act violations.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
FinCEN investigation of banks tied to Epstein
This bill would require the Director of the Financial Crimes Enforcement Network (FinCEN) to investigate whether financial institutions and their employees violated the Bank Secrecy Act in transactions tied to Jeffrey Epstein. The review would look for delays or failures to file suspicious activity reports, including big cash withdrawals, deposits, and wire transfers involving Epstein or his co‑conspirators. It would check whether banks (including JPMorgan Chase and Bank of America) delayed reporting, whether employees sought business records about large payments to clients like Leon Black and Les Wexner, and whether banks used section 314(b) of the USA PATRIOT Act to screen transfers. If enacted, the Director would send Congress a report within 100 days and could include information from suspicious activity reports and refer employees to the Attorney General for further investigation.
Sponsors & CoSponsors
Sponsor
Wyden, Ron [D-OR]
OR • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov