The investment bank JP Morgan Chase reached a settlement amounting to 75 million dollars with the US Virgin Islands on his case Jeffrey Epstein who committed suicide in 2019 in a US prison while facing charges of trafficking and abusing minors.

Based on the settlement, the JPMorgan will pay $30 million to US anti-trafficking charities, $25 million to US law enforcement agencies and $20 million to legal fees.

In its lawsuit, the local government accused the American banking giant of facilitated the trafficking and trafficking of young womento be sexually exploited by Jeffrey Epstein in the Caribbean.

Epstein was a client of JPMorgan from 2000 to 2013, maintaining his relationship even after his first guilty plea in 2008.

JP Morgan also settled with its former chief, Jess Staley, who was accused of being responsible for the institution’s relationship with Epstein. Staley took the helm of Barclays in late 2015, after a nearly three-decade stint in the investment division of JP Morgan. His relationship with Epstein dates back to 2000, when he took over the management of JP Morgan’s private bank.

In June, the bank reached an out-of-court settlement with victims of the former stockbroker for an amount of 290 million dollars. One of the women alleged that JP Morgan knew accounts at its stores were being used for human trafficking because of the identities of those making large cash withdrawals, as well as the broker’s “well-documented criminal activity.”

Epstein committed suicide in August 2019while incarcerated in federal prisons in Manhattan when his request was denied for bail