After violent attacks, terrorists and their families were instructed to bring proof of their identity to branches of Arab Bank, where they received cash rewards. The lawsuit alleges that Arab Bank served as the effective paymaster for the claims, knowing that the funds were going to terrorists.
According to the lawsuit, Terrorist bomber's family presented documentation to Arab Bank and received the equivalent of $5,316. That was a relatively large sum: five times the average annual income per person in the West Bank and Gaza.
Arab Bank largely has withheld comment outside of court but has taken the position it was not wittingly part of the terrorist financing. It has acknowledged transferring close to $100 million to Palestinians for “humanitarian aid” but says it “abhors terrorism” and had no intention of subsidizing suicide bombers. And if you believe that I got some ocean front property to sell you in Arizona.
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