Weekly Roundup: Arab Bank’s Terror Finance Trial Set for January, Four U.S. Senators Introduce Corporate Transparency Bill, and More

Arab Bank Plc is set to go to trial Jan. 13 in the first terrorist financing case brought against a bank in U.S. history, Bloomberg said Wednesday. The bank "knowingly and purposefully" supported foreign terrorist organizations, according to the families of victims of 24 terrorist attacks in Israel. Court documents contend the bank, which disputes the allegations, facilitated payment to the families of suicide bombers. More Sens. Carl Levin (D-MI), Chuck Grassley (R-IA), Dianne Feinstein (D-CA) and Tom Harkin (D-IA) introduced a bill on Thursday that seeks to increase corporate transparency. The Incorporation Transparency and Law Enforcement Assistance Act would...