JPMorgan flagged over $1 billion in suspicious transactions linked to deceased pedophile Jeffrey Epstein, which the bank reported to the US government, the US Virgin Islands has claimed in its lawsuit against the bank.

"JPMorgan was a full-service bank for Jeffrey Epstein's sex trafficking," said Mimi Liu, an attorney for the USVI, which says the enormous sum bolsters key allegations in their legal action against the bank, which they say knowingly benefited from Epstein's wrongdoing, Bloomberg reports, noting that this is the first time in the case that the 'sheer volume of Epstein's financial activity at JPMorgan over a 16-year period has been disclosed.'