The lawsuit filed last Thursday by victims of terrorism in Israel 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 finance attacks between 2004 and 2007.
The Beijing-based bank “knowingly assisted Hamas and the Islamic Jihad,” the lawsuit alleged.
Bank of China, the country’s third-largest commercial lender by assets, 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.