Deutsche Bank Probing Jeffrey Epstein Transactions After Cutting Ties

(Bloomberg) -- Deutsche Bank AG is scrutinizing transactions that Jeffrey Epstein conducted through the firm as prosecutors try to piece together his finances.

“Deutsche Bank is closely examining any business relationship with Jeffrey Epstein, and we are absolutely committed to cooperating with all relevant authorities,” Troy Gravitt, a spokesman for the bank in New York, said in a statement Tuesday.

The German bank, itself a subject of unrelated government investigations, closed Epstein’s accounts over several months earlier this year, Bloomberg reported this month. Epstein was arrested in July and charged with sex trafficking and conspiracy by federal prosecutors in New York.

The New York Times reported earlier Tuesday that the bank filed suspicious activity reports related to transactions in which Epstein moved money out of the U.S.

To contact the reporter on this story: Sonali Basak in New York at sbasak7@bloomberg.net

To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Alan Goldstein

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