Bank of China Denies Aiding Terrorists

The Bank of has denied that transferred money to terrorist groups as alleged in a recent lawsuit. From AP:

The lawsuit filed last Thursday by victims of terrorism in accused the bank of putting through dozens of wire transfers totalling several million dollars to Hamas and Islamic Jihad and ignoring Israeli demands to stop the practice. The lawsuit said the money helped to attacks between 2004 and 2007.

The Beijing-based bank “knowingly assisted Hamas and the Islamic Jihad,” the lawsuit alleged.

, the country’s third-largest commercial lender by , said it adheres to U.N requirements on anti-money laundering and anti-terrorism financing. It said the bank’s own policies forbid providing financial services to terrorist groups.

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