Specially Designated Nationals

On September 22, 2014, a Brooklyn jury found Arab Bank, Jordan’s largest lender, guilty of violating the U.S. Anti-Terrorism Act for providing financial services to individuals and entities linked to Hamas. Hamas is currently designated as a terrorist organization by the U.S. Treasury Department, Office of Foreign Assets Control (OFAC), and is listed on the Specially Designated Nationals List that OFAC maintains. Plaintiffs, victims and family members of victims of terrorist attacks, alleged that Arab Bank customers included members of Hamas and also a charitable organization, Saudi Committee, that sent payments to family members of Hamas suicide bombers. But not all of the individuals were on the SDN list, and neither was Saudi Committee.
Continue Reading Accounts and Accountability: Arab Bank Found Liable for Transactions Under the Anti-Terrorism Act