This site provides information about the civil case, Linde v. Arab Bank, PLC. This case raises very important issues not only for Arab Bank and the families bringing this lawsuit, but also for global counterterrorism efforts, the respect for law among nations, the international finance system, and the financial and political stability of an already volatile Middle East region. In sum, the plaintiffs in this case argue that Arab Bank or any other bank should be liable for the millions of routine, automated transactions that they process, even when proper compliance requirements are followed and there is no evidence that any of those banking services actually caused or contributed to their injuries.
Fast Facts about Arab Bank
- The U.S. government views Arab Bank as a “constructive partner” in combating terrorism financing.
- As the U.S. Solicitor General has stated, the Bank “is a leading participant in a number of regional forums on anti-money laundering and combating the financing of terrorism.”
- Arab Bank is the largest bank in Jordan and, as part of the Arab Bank Group, operates more than 600 offices across 30 countries on five continents.
- Throughout its history, Arab Bank has earned awards from leading banking organizations, and high reviews from banking regulators worldwide.
- Arab Bank is a bank of choice for delivering U.S. and international humanitarian aid to the Middle East.
Fast Facts about the Litigation
- In the first a Arab Bank case to reach a final decision, a federal judge dismissed the case, concluding “there is no proof that anything but routine financial services to the charities alleged to be front organizations were provided.”
- Arab Bank employed applicable counterterrorism compliance measures designed to block financial transactions with an appearance of terror financing.
- Arab Bank was among the first banks in the Middle East to screen accounts and transactions outside the U.S. against U.S. lists of prohibited parties beginning in 2004.
- Nearly every transaction the Bank processed in New York was cleared because the parties involved were not designated by the U.S. government.
- The Saudi Committee – which is at the center of the case – has never been designated by the U.S. government and remains in good standing, and senior U.S. officials stated that its purposes were humanitarian.
- Some charities – which are at the center of the case – received donations from the U.S. government at the same time.