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Arab Bank fined $24 million

The Jerusalem Post reports that the NY branch of the Arab Bank was fined $24 million for “for failing to monitor transactions aimed at funding terror and money laundering.” In 2004, a group of terror…

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The Jerusalem Post reports that the NY branch of the Arab Bank was fined $24 million for “for failing to monitor transactions aimed at funding terror and money laundering.” In 2004, a group of terror victims filed a class action lawsuit against the bank. Subsequent revelations included so-called ‘martyrs kits,’ which included financial forms filled out by Palestinian suicide bombers.

(Hat tip: LGF)

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