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(CNN) --
The government of the US Virgin Islands filed a lawsuit Tuesday against JPMorgan Chase, alleging that the banking giant profited financially from the sex trafficking of billionaire Jeffrey Epstein and failed in its duty to report. about suspicious financial activities.
"Human trafficking was the core business of the accounts Epstein maintained at JP Morgan," the lawsuit states.
“For more than a decade, JPMorgan clearly knew that it was not complying with federal regulations regarding accounts related to Epstein, as evidenced by its too little and too late efforts after Epstein was arrested on federal sex trafficking charges and shortly some time later, after his death, when JPMorgan belatedly complied with federal law,” states the complaint filed by US Virgin Islands Attorney General Denise George.
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The lawsuit claims that JPMorgan Chase failed to make proper regulatory filings that could have alerted the government to Epstein's alleged ring of sex trafficking of underage girls through private islands he owned in the US Virgin Islands.
In particular, the government argues that JPMorgan Chase should have taken a closer look at Epstein as a client after he pleaded guilty to soliciting prostitution with a minor in Florida in 2008.
A JPMorgan Chase spokesperson told CNN Wednesday night that the company had no comment on the lawsuit.
The new lawsuit comes less than a month after Attorney General George settled the US Virgin Islands lawsuit against the Epstein estate for more than $105 million, along with an agreement that the Heritage will sell Epstein's islands in the territory and end its business operations there.
Epstein was found dead in his prison cell in 2019. A medical examiner ruled his death a suicide.
Jeffrey Epstein
