Deutsche Bank pledges nearly $5 million to help combat human trafficking in New Mexico

Deutsche Bank has pledged nearly $5 million in funding to help combat human trafficking in New Mexico

SANTA FE, N.M. -- Deutsche Bank pledged nearly $5 million in funding Thursday to help combat human trafficking in New Mexico, the bank announced in a joint statement with Attorney General Raúl Torrez.

The announcement comes seven months after Deutsche Bank settled a U.S. lawsuit for $75 million that claimed the German lender should have seen evidence that the late Jeffrey Epstein engaged in sex trafficking when he was a client.

Torrez's office has been investigating several financial service companies and their role in what he says is a failure to identify sexual abuse and trafficking of underage girls at Epstein's ranch in Santa Fe County, according to the statement.

“I am pleased that Deutsche Bank recognizes its ongoing responsibility to help us combat this problem,” Torrez, a Democrat, said in the statement. “We appreciate the steps they have taken since terminating Jeffrey Epstein as a client in 2018 to strengthen their oversight capabilities and intend to use their pledge to support our ongoing efforts to apprehend traffickers and expand our victim services.”

A spokesperson for Deutsche Bank said the lender is pleased to support Torrez “in this important effort, which reflects our industry's shared responsibility to play an active role in safeguarding the financial system.”