JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the Sex Trafficking acts committed by financier Jeffrey Epstein. $55 million of the settlement will go towards local charities and assistance for victims, while $20 million will cover legal fees. The Virgin Islands had accused JPMorgan of being complicit in Epstein's behavior and failing to raise red flags to law enforcement or regulators. The bank has also reached a confidential settlement with James "Jes" Staley, the former top JPMorgan executive who managed Epstein's account.

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