Saturday, April 05, 2014

If you comply with secrecy banking laws in Lebanon, you are accused of aiding terrorism

"While the bank turned over some Saudi transactions, it said it was prevented from turning over other records because of Jordanian, Lebanese and Palestinian Authority banking secrecy laws. In 2010, a District Court judge ruled that as a penalty for that “recalcitrance,” the jury would be instructed that they could infer that Arab Bank knowingly and willfully provided banking services to terrorists. "