Deutsche Bank has agreed to pay $75 million to settle civil claims related to its involvement in the Jeffrey Epstein sexual abuse case.
The settlement resolves two lawsuits filed by the US Department of Justice (DOJ) and the New York State Attorney General’s office in 2020. According to the lawsuits, Deutsche Bank failed to properly monitor and investigate Epstein’s suspicious banking activity, which enabled him to continue his predatory behavior for many years. Under the agreement, Deutsche Bank will pay a total of $50 million to the DOJ and $25 million to the New York State Attorney General’s office. The money will be used to compensate victims of Epstein’s abuse.