The Move To Punish Banks That Handle The Money Of Designated Terror Groups Is Gaining Support

Arab Bank in Jordan. Photo: Wikimedia Commons

Terrorism Trial Of Mideast Bank Worries The Financial World -- New York Times

The judge called it the Beirut account.



It was a basic bank account at Arab Bank’s Al-Mazra branch in Beirut, Lebanon, unremarkable except for the name on the account: Osama Hamdan, a spokesman for the terrorist group Hamas.



For the six years Mr. Hamdan maintained the account, at least three wire transfers sent to it were earmarked for Hamas, transactions that officials at Arab Bank vetted and initialed, the plaintiffs say.



Now, the Beirut account is at the center of a trial in Federal District Court in Brooklyn, where the plaintiffs say the case will shed light on the shadowy and interconnected network that finances terrorists.



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Update: The snaky path of how terrorists raise money -- Jerusalem Post



My Comment: The solution for these banks is simple .... do not do business with terror groups like Hamas.