Anti-Financial Crime & Financial Crime Compliance
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Banking, Financial Crime, UK

NEWS: Israel freezes Barclays bank account linked to Hamas fundraising

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".

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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