JPMorgan Chase has agreed to pay $75 million to settle allegations made by the U.S. Virgin Islands that the bank facilitated financier Jeffrey Epstein’s sex trafficking activities. Out of this sum, $55 million will be allocated to local charities aiding victims of domestic abuse, trafficking, and other crimes, as well as bolstering local law enforcement resources. Additionally, a $10 million fund will be established to provide mental health services to Epstein’s survivors. The Virgin Islands had accused JPMorgan of enabling Epstein’s recruiters to pay victims and playing a crucial role in concealing the sex trafficking enterprise. The settlement helps avoid an impending trial and comes after the bank had previously agreed to pay $290 million in a class-action lawsuit involving Epstein’s victims. Epstein, who died by suicide in 2019, had been a high-profile financier embroiled in multiple legal scandals.