JPMorgan Chase said Tuesday it will pay $75 million to settle a lawsuit by the U.S. Virgin Islands alleging that the American bank facilitated and benefited from the sex trafficking of young women by its longtime customer Jeffrey Epstein.

The remaining $20 million will cover attorneys' fees incurred by the Virgin Islands as part of the litigation in federal court in New York.

The Virgin Islands said the deal "includes several substantial commitments by JPMorgan Chase to identify, report, and cut off support for potential human trafficking, including establishing and implementing comprehensive policies and procedures."