FILE – This March 28, 2017, photo provided by the New York State Sex Offender Registry shows Jeffrey Epstein. JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts of financier Jeffrey Epstein. JPMorgan said Tuesday, Sept. 26, 2023 that $55 million of the settlement will go toward local charities and assistance for victims. (New York State Sex Offender Registry via AP, File)

NEW YORK (AP) — JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein. JPMorgan said Tuesday that $55 million of the settlement will go toward local charities and assistance for victims. Another $20 million will go toward legal fees. The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, arguing that JPMorgan had been complicit in Epstein’s behavior and did not raise any red flags to law enforcement or bank regulators.