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U.S. veterans sue banks, claim they should pay for Iraq attacks
Source: Reuters
U.S. veterans sue banks, claim they should pay for Iraq attacks
BY ALISON FRANKEL
NEW YORK Mon Nov 10, 2014 12:18pm EST
(Reuters) - Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian money that paid for the attacks.
The lawsuit filed in U.S. District Court in Brooklyn, New York, named Barclays Plc, Credit Suisse Group AG, HSBC Holdings Plc, Standard Chartered and Royal Bank of Scotland Group Plc.
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The lawsuit was brought under the U.S. Anti-Terrorism Act, a 1992 law that permits victims to bring private suits against alleged financiers of militant operations.
Brought on behalf of more than 200 veterans and family members, the lawsuit alleges the banks conspired with Iranian banks to mask wire transactions in order to evade U.S. sanctions. The Iranian banks then funneled more than $100 million to militant groups that operated in Iraq at Iran's direction, according to the suit.
[font size=1]-snip-[/font]
BY ALISON FRANKEL
NEW YORK Mon Nov 10, 2014 12:18pm EST
(Reuters) - Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian money that paid for the attacks.
The lawsuit filed in U.S. District Court in Brooklyn, New York, named Barclays Plc, Credit Suisse Group AG, HSBC Holdings Plc, Standard Chartered and Royal Bank of Scotland Group Plc.
[font size=1]-snip-[/font]
The lawsuit was brought under the U.S. Anti-Terrorism Act, a 1992 law that permits victims to bring private suits against alleged financiers of militant operations.
Brought on behalf of more than 200 veterans and family members, the lawsuit alleges the banks conspired with Iranian banks to mask wire transactions in order to evade U.S. sanctions. The Iranian banks then funneled more than $100 million to militant groups that operated in Iraq at Iran's direction, according to the suit.
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Read more: http://www.reuters.com/article/2014/11/10/us-usa-courts-banking-iran-idUSKCN0IU1Q120141110
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