One of the largest banks in Switzerland UBS has been servicing financial accounts for several years Gislaine Maxwell and helped move her funds even after the arrest of her associate Jeffrey Epstein in 2019. This is reported by the agency Reuters with reference to documents released by the US Department of Justice.
The accounts were opened in 2014
According to the materials, UBS opened accounts for Maxwell in 2014 - a few months after JPMorgan Chase ceased cooperation with Epstein.
The Bank continued to manage its assets, including cash, equities and hedge fund investments, and appointed two personal managers to oversee the accounts.
Funds and financial transactions
The documents include emails and bank statements that show that UBS serviced both Maxwell's personal and corporate accounts, including those of her companies and charity project.
The total assets under management reached up to $19 million.
It is also noted that in 2014 Epstein briefly used a UBS credit card, However, the account was quickly closed due to reputational risks.
Legal aspects and position of the parties
UBS refused to explain the reasons for servicing Maxwell after severing her financial ties with other banks, citing its client confidentiality policy.
At the same time, Reuters notes that there is no evidence of any violation of the law by the bank or its employees.
Maxwell's representatives also did not comment.
The context of the case
In 2021, Ghislaine Maxwell was sentenced to 20 years in prison for his involvement in a scheme to sexually abuse minors linked to Jeffrey Epstein.
The publication of new documents continues to reveal the financial and institutional ties of those involved in one of the most high-profile scandals of recent decades.
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