Jordan bank goes on trial for 'financing terrorists'

A branch of the Arab Banking Corporation in New York on August 14, 2014Jordan’s Arab Bank went on trial Thursday in New York accused of aiding terror by transferring support funds to the families of Palestinians who died in the conflict with Israel. The families of several Americans killed in early 2000s attacks by the Islamic movement Hamas said the bank, which has a New York branch, was in violation of the 2001 Anti-Terrorism Act when it served as a conduit for the money from a Saudi Arabian fund to the Palestinian families. “The facts show that Arab Bank provided routine banking services in compliance with applicable counterterrorism laws and regulations, and had no intention of providing support to Hamas or any other known terrorist organization,” it said. The plaintiffs said Arab Bank was the conduit by which the Saudi Committee for the Support of the Intifada Al-Quds fund sent money to the families of Palestinians who died in the uprising, including suicide bombers.

Share this article