September 23, 2014 | Quote
This Week’s Biggest Hit To International Terrorism Might Have Taken Place In A Courtroom
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As Jonathan Schanzer, a former Treasury Department official and current vice president of the Foundation for Defense of Democracies, explained to Business Insider, that US listing might now carry more of a legal bite than it did before yesterday's ruling. After all, it didn't matter in the Arab Bank's case that Hamas isn't considered a terror organization in Jordan, where the bank is headquartered.
“From their perspective it's legal,” Schanzer says of Jordanian financial institutions hosting Hamas accounts. “But US persons can still prosecute and the bank can still pay a very heavy price.”
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“Arab Bank is still kind of the only bank that has really good access to Gaza,” Schanzer notes.
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