UBS' Banking Ties to Ghislaine Maxwell Revealed
Analysis based on 9 articles · First reported Feb 08, 2026 · Last updated Feb 08, 2026
The revelations about UBS' banking relationship with Ghislaine Maxwell, following JPMorgan Chase's decision to cut ties with Jeffrey Epstein, highlight potential reputational and regulatory risks for financial institutions. This event could lead to increased scrutiny on banks' due diligence processes for high-risk clients, potentially impacting their stock prices and regulatory compliance costs.
Documents released by the U.S. Justice Department reveal that Swiss wealth manager UBS opened accounts for Ghislaine Maxwell in 2014, managing up to $19 million for her. This occurred just months after JPMorgan Chase ended its relationship with Jeffrey Epstein and flagged Ghislaine Maxwell as a 'High Risk Client' due to her links to Jeffrey Epstein, who was convicted of soliciting prostitution from an underage girl. UBS also briefly provided Jeffrey Epstein with a credit card in 2014, which was later closed due to 'reputational risk.' Despite media reports on Ghislaine Maxwell's proximity to Jeffrey Epstein, UBS continued its relationship with her. The documents show Ghislaine Maxwell used her UBS accounts for personal expenses and businesses, including The TerraMar Project. In 2016, she requested a $2.5 million payment to Scott Borgerson, her husband. In August 2019, UBS received a Grand Jury Subpoena on Ghislaine Maxwell and provided information to the United States===Federal Bureau of Investigation. JPMorgan Chase settled a case with the United States===United States Virgin Islands for $75 million in 2023 related to its dealings with Jeffrey Epstein.
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