Arab Bank Facts » Compliance http://www.arabbankfacts.com Mon, 27 Apr 2026 13:46:59 +0000 en-US hourly 1 Courts Force Businesses To Think Twice About Serving ‘Risky’ Customers http://www.arabbankfacts.com/2014/09/courts-force-businesses-to-think-twice-about-serving-risky-customers/ http://www.arabbankfacts.com/2014/09/courts-force-businesses-to-think-twice-about-serving-risky-customers/#comments Wed, 24 Sep 2014 14:44:05 +0000 http://www.arabbankfacts.com/?p=1561 Forbes
September 24, 2014
Dan Fisher

In closing arguments to the jury considering whether to hold Arab Bank liable for terrorist killings in the Middle East last week, attorney Shand Stevens of DLA Piper painted a scary vision of the …

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]]> http://www.arabbankfacts.com/2014/09/courts-force-businesses-to-think-twice-about-serving-risky-customers/feed/ 0 Arab Bank verdict risks erosion of anti-terror controls -industry http://www.arabbankfacts.com/2014/09/arab-bank-verdict-risks-erosion-of-anti-terror-controls-industry/ http://www.arabbankfacts.com/2014/09/arab-bank-verdict-risks-erosion-of-anti-terror-controls-industry/#comments Wed, 24 Sep 2014 14:40:40 +0000 http://www.arabbankfacts.com/?p=1559 Reuters
September 24, 2014
Brett Wolf

A U.S. court verdict this week finding that Arab Bank Plc provided material support to Hamas could cause banks to cut ties to foreign banks and customers and make it even harder to monitor …

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]]> http://www.arabbankfacts.com/2014/09/arab-bank-verdict-risks-erosion-of-anti-terror-controls-industry/feed/ 0 Press Release by the Central Bank of Jordan Regarding the Arab Bank http://www.arabbankfacts.com/2014/09/press-release-by-the-central-bank-of-jordan-regarding-the-arab-bank/ http://www.arabbankfacts.com/2014/09/press-release-by-the-central-bank-of-jordan-regarding-the-arab-bank/#comments Tue, 23 Sep 2014 14:08:30 +0000 http://www.arabbankfacts.com/?p=1549 Since 2004, the Government of the Hashemite Kingdom of Jordan, represented by the Central Bank of Jordan, has been closely following the developments in the case filed in New York against the Arab Bank (Linde, et al.v.Arab BankPlc), offering its …

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]]> http://www.arabbankfacts.com/2014/09/press-release-by-the-central-bank-of-jordan-regarding-the-arab-bank/feed/ 0 Arab Bank Statement on Verdict in Linde v. Arab Bank, PLC http://www.arabbankfacts.com/2014/09/arab-bank-statement-on-jury-verdict-in-linde-v-arab-bank-plc/ http://www.arabbankfacts.com/2014/09/arab-bank-statement-on-jury-verdict-in-linde-v-arab-bank-plc/#comments Mon, 22 Sep 2014 21:14:41 +0000 http://www.arabbankfacts.com/?p=1521 September 22, 2014 – Arab Bank released the following statement in response to today’s verdict by the jury in Linde v. Arab Bank, PLC finding the Bank liable for plaintiffs’ injuries.

“Arab Bank predicted that any proceeding conducted under the …

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]]> http://www.arabbankfacts.com/2014/09/arab-bank-statement-on-jury-verdict-in-linde-v-arab-bank-plc/feed/ 0 In Closing Arguments, Debating Arab Bank’s Responsibility to Identify Terrorists http://www.arabbankfacts.com/2014/09/in-closing-arguments-debating-arab-banks-responsibility-to-identify-terrorists/ http://www.arabbankfacts.com/2014/09/in-closing-arguments-debating-arab-banks-responsibility-to-identify-terrorists/#comments Thu, 18 Sep 2014 14:11:34 +0000 http://www.arabbankfacts.com/?p=1517 New York Times
September 18, 2014
Stephanie Clifford

What should the role of a bank be when it is forced to operate in areas torn apart by terrorist attacks?

That was a central theme Thursday during closing arguments in a …

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]]> http://www.arabbankfacts.com/2014/09/in-closing-arguments-debating-arab-banks-responsibility-to-identify-terrorists/feed/ 0 Arab Bank’s Disputed Transfers Also Routed Through New York Banks http://www.arabbankfacts.com/2014/09/arab-banks-disputed-transfers-also-routed-through-new-york-banks/ http://www.arabbankfacts.com/2014/09/arab-banks-disputed-transfers-also-routed-through-new-york-banks/#comments Tue, 16 Sep 2014 17:14:13 +0000 http://www.arabbankfacts.com/?p=1513 Forbes
September 16, 2014
Dan Fisher

Many of the money transfers at the heart of a precedent-setting lawsuit against Arab Bank over terrorist financing also passed through banks like Citibank, Bank of New York and JP Morgan Chase, the deputy …

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]]> http://www.arabbankfacts.com/2014/09/arab-banks-disputed-transfers-also-routed-through-new-york-banks/feed/ 0 Multi-national Arab Bank on trial for supporting terror http://www.arabbankfacts.com/2014/08/multi-national-arab-bank-on-trial-for-supporting-terror/ http://www.arabbankfacts.com/2014/08/multi-national-arab-bank-on-trial-for-supporting-terror/#comments Tue, 19 Aug 2014 14:46:36 +0000 http://www.arabbankfacts.com/?p=1491 AFP
August 19, 2014
Jennie Matthew

Arab Bank, on trial in New York for allegedly supporting terrorism, is one of the biggest and most prestigious Arab banking giants in the world.

Founded in 1930 by Abdel Hamid Shoman, a Palestinian …

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]]> http://www.arabbankfacts.com/2014/08/multi-national-arab-bank-on-trial-for-supporting-terror/feed/ 0 Arab Bank Balks At Alleged Hamas Ties In Terror Funding Trial http://www.arabbankfacts.com/2014/08/arab-bank-balks-at-alleged-hamas-ties-in-terror-funding-trial/ http://www.arabbankfacts.com/2014/08/arab-bank-balks-at-alleged-hamas-ties-in-terror-funding-trial/#comments Mon, 18 Aug 2014 00:44:02 +0000 http://www.arabbankfacts.com/?p=1495 Law360
August 18, 2014
Linda Chiem

In a Brooklyn federal courthouse Monday, attorneys for Arab Bank PLC sought to dismantle allegations that the Jordanian bank funneled money to known terrorists such as Hamas, challenging expert testimony that tried to lay …

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]]> http://www.arabbankfacts.com/2014/08/arab-bank-balks-at-alleged-hamas-ties-in-terror-funding-trial/feed/ 0 Banks Watching Terrorism Trial in Brooklyn http://www.arabbankfacts.com/2014/08/terrorism-trial-of-mideast-bank-worries-the-financial-world/ http://www.arabbankfacts.com/2014/08/terrorism-trial-of-mideast-bank-worries-the-financial-world/#comments Wed, 13 Aug 2014 18:23:43 +0000 http://www.arabbankfacts.com/?p=1440 New York Times
August 14, 2014
Stephanie Clifford

Banks are watching the first civil trial against a bank under the Anti-Terrorism Act with some trepidation. Opening arguments start in the United States District Court in Brooklyn on Thursday.

The lawsuit …

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]]> http://www.arabbankfacts.com/2014/08/terrorism-trial-of-mideast-bank-worries-the-financial-world/feed/ 0 Trial Challenges Bank’s Liability in Terrorist Acts http://www.arabbankfacts.com/2014/08/trial-challenges-banks-liability-in-terrorist-acts/ http://www.arabbankfacts.com/2014/08/trial-challenges-banks-liability-in-terrorist-acts/#comments Mon, 11 Aug 2014 21:18:51 +0000 http://www.arabbankfacts.com/?p=1434 New York Law Journal
August 11, 2014
Andrew Keshner

More than 5,000 miles from the war-torn Middle East, a Brooklyn federal courtroom this week will be the scene of an unprecedented trial testing a multibillion dollar bank’s liability for allegedly …

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