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Midweek Roundup: Bank of China’s Terror Finance Case Dropped, Fed Refuses Appeal by Former Credit Suisse Banker, and More
printA 9-year-old U.S. civil complaint seeking damages against the Bank of China for its allegedly willful failure to prevent terrorist financing has been withdrawn by plaintiffs, the Jerusalem Post reported. The plaintiffs, who accused the bank of facilitating terrorist attacks by processing millions of dollars of transfers from Iran to Palestinian groups Hamas and Islamic Jihad, withdrew their complaint after U.S., Israeli and Chinese officials refused to testify. More Charter air carriers have canceled several recent flights from Miami to Cuba as a result of banks delaying wire transfer payments to the Cuban government for fear of inadvertently violating U.S....
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