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 …
Posts Tagged: Compliance
In Closing Arguments, Debating Arab Bank’s Responsibility to Identify Terrorists
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 …
Arab Bank’s Disputed Transfers Also Routed Through New York Banks
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 …