US SANCTIONS CASE AGAINST EUROPEAN BANKS FOR ASSISTING IRAQ ATTACKS

A number of US veterans and family members of US soldiers killed in Iraq have brought proceedings in the US District Court in Brooklyn, New York, against 5 European banks (Barclays, Credit Suisse, HSBC, RBS and Standard Chartered).  They are claiming damages from the banks under the US Anti-Terrorism Act 1992, for facilitating attacks in Iraq by allegedly conspiring with Iranian banks to mask wire transactions in breach of US  sanctions, which helped to fund militant groups operating in Iraq.

The case follows another action brought in the same court under the US Anti-Terrorism Act 1992 against Arab Bank, for allegedly financing Hamas attacks in Israel and the Palestinian territories.

This entry was posted in Iran, USA by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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