Families from around the globe have filed suit in Brooklyn federal court “against several banks they say funded terrorism that killed their loved ones,” according to New York Post.
Three separate lawsuits filed Tuesday and Wednesday claim banks from Lebanon and Palestine “maintained accounts for various branches of terrorist organizations” the report added.
The lawsuits, which accuse the banks of “aiding and abetting a terrorist organization, are suing for unspecified damages.”
Also, Hezbollah organization is being sued by a group of 22 U.S. citizens “for damages … during the 2006 Second Lebanon War” according to Jewishpress.
The site added that at Brooklyn federal court, the group also filed a lawsuit against Bank Saderat and Bank Saderat Iran.
The banks were accused of providing Hezbollah with material support needed to carry out attacks.
It said that Hezbollah and the banks are being sued for a total of $50 million.
ANALYSIS: Why is sanctioning Iran’s banking sector a top priority?On November 5 of this year, the United States re-imposed sanctions against Iran. This involved many moving parts within the United States’ ... Economy
Iran’s VP confirms organized crime funds enter banking systemThe Iranian Vice President for Legal Affairs Laya Joneydi confirmed that funds collected from “organized crime” are integrated into the ... Middle East
UAE freezes bank accounts of 9 Iranians on terror watch listAbu Dhabi’s Securities and Commodities Authority issued a statement calling on all companies to look for and freeze any bank accounts, assets, ... Gulf
UAE c. bank bars deals with Qatar-linked people, bodies on terrorism blacklistThe United Arab Emirates central bank has instructed local banks to stop dealing with 59 individuals and 12 entities with alleged links to Qatar and ... Economy