Pedophile Financial Accountability Act

This bill would require the Director of the Treasury Department's Financial Crimes Enforcement Network (FinCEN) to investigate whether banks and their employees violated the Bank Secrecy Act in handling transactions involving Jeffrey Epstein. The investigation would examine delays and underreporting of suspicious activity reports, including by JPMorgan Chase and Bank of America, and whether banks asked for records explaining large payments to and from Epstein. The Director would have to report the results to Congress within 100 days of the bill becoming law. The report could include information from suspicious activity reports, and the Director would refer employees to the Attorney General where a potentially willful violation merits further investigation.

Full text and official record on Congress.gov

Sponsors

• Ron Wyden Democrat sponsor
• 0 cosponsors