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Another Islamic bank thumbs nose at U.S. court

November 15, 2010

First it was Al Rajhi Bank.  Now it’s Jordan’s Arab Bank.  Both have been involved in financing terrorism.  And when the terror victims try to take them to court here in the U.S., they’re told to sit down, shut up, and wait through months or years of legal obfuscation under the cover of bank secrecy laws of our Middle Eastern “allies.”  From the Wall Street Journal on Nov. 5:

WASHINGTON—A major Middle Eastern bank launched a final effort Thursday to avoid legal sanctions punishing it for not disclosing client records in a terror-finance case that could have repercussions for other international banks.

Citing bank-secrecy laws in several countries where it operates, Jordan-based Arab Bank PLC has defied U.S. federal court orders to turn over documents sought by American victims of terrorist attacks and their families in a long-running private case related to Palestinian terror attacks in Israel. The plaintiffs say the bank enabled the attacks by acting as a conduit for money from Saudi donors that went to families of suicide bombers and terror groups, a charge the bank denies.

The suit, which was filed in U.S. District Court for the Eastern District of New York in Brooklyn in 2004, alleges that Arab Bank financed Palestinian terrorism by, among other things, paying a “comprehensive insurance benefit” of around $5,300 to families of suicide bombers on behalf of the Saudi Committee, a government-run charity. The suit also alleges that the bank knowingly provided banking services to groups such as Hamas and the Palestinian Islamic Jihad, which are both considered terrorist groups by the U.S.

In an unusual legal move, Arab Bank on Thursday asked an appeals court in New York to intervene to overturn harsh sanctions imposed by the federal court after the bank declined to turn over customer records…

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8 comments

  1. Send the banking records to the TSA – I’ll provide the gloves!


  2. […] terrorism.  It has been the subject of American investigations, but the bank has consistently refused to turn over related documents to the […]


  3. […] terrorism.  It has been the subject of American investigations, but the bank has consistently refused to turn over related documents to the […]


  4. […] Bank’s refusal to turn over records has been a major obstacle in the Linde v. Arab Bank terrorist financing […]


  5. […] Bank’s refusal to turn over records has been a major obstacle in the Linde v. Arab Bank terrorist financing case. […]


  6. […] to force their bankers to disclose documents which will prove their culpability (see here, here, here, and […]


  7. […] terrorism.  It has been the subject of American investigations, but the bank has consistently refused to turn over related documents to the […]


  8. […] terrorism.  It has been the subject of American investigations, but the bank has consistently refused to turn over related documents to the […]



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