New York Jury Decides Arab Bank Liable for Terrorist Actions of Customers

International Financial Law Prof Blog -

The Amman-based lender was found liable for doing business with more than 150 Hamas leaders and operatives in the early 2000s, helping finance about two dozen deadly suicide bombings, including attacks on crowded restaurants and buses in Tel Aviv and Jerusalem, jurors decided yesterday in federal court in Brooklyn, New York. ...

The organization used the Arab Bank as a “paymaster” to pass on stipends of more than $5,000 to families of suicide bombers and other terrorists, according to the plaintiffs.