Arab Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Large terrorism-financing lawsuit filed in Israel
More than one thousand Israeli victims and families filed a multibillion-dollar claim alleging that Arab Bank assisted or facilitated terrorist activity. The allegation was disputed and the reference material does not establish a final outcome.
2014
US terrorism-financing civil litigation
Plaintiffs in the United States alleged that Arab Bank processed transactions connected to terrorist attacks. A federal jury found the bank liable in 2014. Arab Bank denied the allegations and maintained that it had complied with applicable law and banking procedures. The litigation continued through appeals and was later resolved.
2005
New York anti-money-laundering enforcement
U.S. authorities imposed a USD 24 million penalty after identifying weaknesses in the New York branch's anti-money-laundering controls and suspicious-activity reporting. The matter also restricted the branch's ability to process U.S.-dollar payments.