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NEWS: Israel freezes Barclays bank account linked to Hamas fundraising

Premium October 11, 2023

RULING: Judge George Leggatt said the idea that banks owe a contractual duty to its customers to not carry out payment instructions if they suspect fraud is "inconsistent with first principles of banking law".

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REGULATORY INTELLIGENCE: Everything you need to know about Europe’s new AML laws and the Authority (AMLA) – all in one place

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

By Henriette Chacar

A bank account at British bank Barclays linked to fundraising for the Palestinian militant group Hamas has been frozen, Israeli police said.

The bank account’s details were published by Hamas “for the purpose of depositing donation funds”, Israeli police said in a statement on Tuesday.

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Premium

REGULATORY INTELLIGENCE: Everything you need to know about Europe’s new AML laws and the Authority (AMLA) – all in one place

 Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

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