Bank of America has agreed to pay $105 million to settle a civil lawsuit linked to disgraced financier Jeffrey Epstein, avoiding a lengthy trial. The case was brought by a group of women who accused the bank of facilitating their sexual abuse by allegedly ignoring suspicious financial transactions connected to Epstein.

According to court records, the settlement amounts to $72.5 million (approximately $105.3 million), though it still requires approval from U.S. District Judge Jed Rakoff. Lawyers representing the victims said the agreement offers timely financial relief, as many of the plaintiffs suffered harm years ago. Legal fees could account for up to 30% of the settlement.

Bank of America denied any wrongdoing, maintaining that it did not facilitate sex trafficking and only provided routine banking services. However, the lawsuit alleged that the bank overlooked clear warning signs due to financial interests.

Epstein, who was arrested on sex trafficking charges, died in a New York jail in 2019 while awaiting trial. His death was ruled a suicide. The case remains part of a broader effort to hold institutions accountable for their alleged roles in enabling his crimes.