September 24, 2014 | Quote
Why Did Arab Bank Stand and Fight When Iran Ran?
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With the historic verdict against Arab Bank in Monday night, “bank compliance officers across the Middle East may already be scouring their accounts for connection to groups defined as terrorists in the US,” said Jonathan Schanzer, Vice President for research at the Foundation for Defense of Democracies and a former terror finance analyst for the US Treasury Department.
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In contrast, Schanzer said that the “making public” of Arab Bank's documents at trial and the formal court judgment for terror financing carries a stigma and a “shame” factor which will “reverberate” even more strongly within the banking community.
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