Families of U.S. citizens killed or hurt in terrorist attacks in Israel filed an $875 million lawsuit against Arab Bank, accusing it of channeling money to Palestinian terrorist groups and making insurance payments to beneficiaries of suicide bombers. The lawsuit, filed Friday in federal court, claims the Jordan-based bank’s New York branch laundered Saudi aid to terrorists. The branch first converted the money into dollars and then sent it to local branches in the West Bank and Gaza Strip where it was paid out to terrorists and terrorist organizations, the suit alleges. The bank also worked with Hamas and the Palestinian Islamic Jihad to distribute insurance money to beneficiaries of suicide bombers, including their families and those wounded or captured by Israeli security forces, the lawsuit alleges. Full Story
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