Veterans Say UK Banks Clearly Linked To Terrorist Groups

Law360 (September 27, 2019, 6:23 PM EDT) -- A group of veterans who fought in Iraq asked a New York federal court to reconsider their liability claims against two international banks arguing that the court had ignored evidence linking the banks to terrorist activities.

U.S. District Judge Pamela K. Chen wrongly dismissed allegations against Bank Saderat PLC and Standard Chartered Bank PLC because she “overlooked” evidence showing the banks’ connections to terrorist organizations, the veterans said.

For example, the U.S. Treasury said that Bank Saderat was involved in a $50 million money transfer between the Central Bank of Iran and its branch in Beirut, Lebanon, that benefited the Islamist...

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