Link to post: https://x.com/AmerBanker/status/1981752785176502504
Article without paywall: https://removepaywalls.com/4/https://www.americanbanker.com/opinion/the-next-epstein-is-probably-already-here-hidden-in-plain-sight
This was not a mere oversight or the failing of a rogue employee; it was a systemic breakdown in which the normal rules of compliance were suspended for a VIP client. They are rooted in a banking culture that too often gives ultra-wealthy individuals a pass on the very controls imposed on everyone else.
The arithmetic was simple: projected millions outweighed compliance warnings, illustrating the recurring imbalance between business priorities and risk management.
By contrast, Epstein and his peers intersperse questionable transfers with vast volumes of legitimate activity, rendering the illicit share just a sliver of total turnover. Between 2003 and 2013, Epstein maintained roughly 50 JPMorgan accounts that processed more than $1 billion. Of this, regulators cited only a few million dollars as suspicious. That ratio made the problematic flows nearly invisible within aggregate volume. The concealment was not accidental.
The architecture that allowed Epstein’s network to thrive was never dismantled so much as patched.
It is not implausible that the “next Epstein” is already being discreetly serviced by private banking somewhere in the U.S.
