Thursday, October 16, 2025-Bank of America and BNY Mellon are facing lawsuits in Manhattan federal court alleging their financial services facilitated Jeffrey Epstein’s sex trafficking operations.
The complaints claim that both institutions knowingly handled transactions connected to Epstein’s illicit activities, raising serious questions about their compliance with federal regulations.
The plaintiff, identified as Jane Doe, alleges she was sexually abused and trafficked by Epstein between 2011 and 2019. According to the lawsuit, Epstein used a Bank of America account to move funds related to the trafficking, while BNY Mellon is accused of processing $378 million in payments tied to Epstein’s operations.
Both banks are accused of failing to report suspicious activities, with the case seeking class-action status and damages under the federal Trafficking Victims Protection Act.
This lawsuit follows prior legal actions against other banks, including JPMorgan Chase, which settled for $290 million in 2023, and Deutsche Bank, which paid $75 million over similar allegations.
Congressional scrutiny is intensifying, with lawmakers seeking transparency on how billions in suspicious transactions went unreported. Bank of America and BNY Mellon have not publicly commented, but the case could significantly impact how financial institutions monitor and report illicit financial activity.
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