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Arab Bank Verdict Risks Erosion of Anti-Terror Controls

A U.S. court verdict this week finding that Arab Bank Plc provided material support to Hamas could cause banks to cut ties to foreign banks and customers and make it even harder to monitor the financing of militant networks, banking industry representatives said. A U.S. jury on Monday found the Jordan-based Arab Bank liable for providing material support to Hamas and said it must compensate victims of two dozen attacks attributed to the U.S.-designated terrorist group in Israel and the...

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