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Lebanon War Victims Alter Game of Terror Financing

(Jerusalem Post) Yonah Jeremy Bob - The New York Court of Appeals issued a ruling on Tuesday in favor of victims of Hizbullah rocket attacks from the Second Lebanon War in 2006 who are citizens of the U.S., Canada and Israel. The court ruled that correspondent banks will now be held liable for civil damages under anti-terror financing laws if it is found that they facilitated transactions that can be traced back to terrorist groups. The lawsuit was filed in 2008 against the Lebanese Canadian Bank, USA which had used American Express Bank as its correspondent bank in the U.S. The bank made and received transfers from an organization that was a front for Hizbullah, which is defined by the U.S. as a terrorist organization. "From now on the lives of terrorist organizations will be much more difficult," said attorney Nitzana Darshan Leitner, head of Shurat Hadin.
2012-11-23 00:00:00
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