New York – Arab Bank Ordered To Surrender Records


    New York – A federal magistrate has ordered the Jordan-based Arab Bank to surrender records alleged to show that the bank made cash payments to relatives of suicide bombers.
    Several lawsuits filed in Brooklyn accuse Arab Bank of supporting terrorism by funneling payments of more than $5,000 apiece to the relatives of Hamas terrorists.
    Prior to the ruling, lawyers for Arab Bank had said that foreign banking laws prevent the bank from turning over most records. The bank is expected to continue to make that argument in U.S. District Court in Brooklyn.
    The recent order grants Arab Bank 21 days to identify those records that are subject to foreign bank secrecy laws.

    Join our WhatsApp group

    Subscribe to our Daily Roundup Email

    Listen to the VINnews podcast on:

    iTunes | Spotify | Google Podcasts | Stitcher | Podbean | Amazon

    Follow VINnews for Breaking News Updates

    Connect with VINnews

    Join our WhatsApp group