World wide, terrorism has adversely affected the lives of countless individuals. It seems sometimes like the news about terrorist activities such as hijackings, kidnappings and bombings, seldom ceases, and the number of victims of terror attacks continues to grow.
Have you ever wondered where the funding comes from for terrorist activities? Terrorism is often bank-sponsored, with certain banks acting in direct defiance of United States sanctions against countries like Iran. This means that when an American soldier or contractor is killed or severely injured, the bank that funded the terrorism bears some responsibility, and should therefore potentially be subject to an anti-terrorism lawsuit.
Bank Sponsored Terrorism Lawsuits Filed in 2014 by Iraqi War Veterans
Several years ago, an anti-terrorism lawsuit was filed by wounded Iraqi war veterans against several EU banks. This lawsuit claimed there was a conspiracy between the banks that funded Iran and Iran itself. The lawsuit suggested that because Iran sponsored terrorism with these funds, then the banks that funded Iran were essentially responsible for the shootings and roadside bombings of U.S. soldiers and contractors, and as such, should be open to face state sponsored terrorism lawsuits. The conspiracy mentioned in the lawsuit also alleged a cover up on the part of the banks for hiding financial transactions from the U.S., because they knew they were violating sanctions imposed on Iran.
In the ensuing years, some of these foreign banks admitted they provided billions of dollars to Iran, thus violating international laws and U.S. sanctions, and making them a target for bank sponsored terrorism lawsuits. The bank funds provided to Iran paid for such things as:
- Terrorist bounties who then attacked U.S. troops and U.S. civilians;
- Shia and Sunni terrorist recruits who killed U.S. soldiers and contractors in Iraq;
- Weapons which wounded and killed U.S. soldiers and contractors (EFPs, IEDs, IRAMs);
- Hezbollah and Ansar al-Islam sponsorships, and
- Training, arming, funding and commanding Shia and Sunni terrorists.
EU banks involved in the conspiracy, and therefore subject to bank sponsored terrorism lawsuits, include Barclays PLC, BNP Paribas S.A., HSBC Holding Group PLC, Credit Suisse, Commerzbank A.G., and Standard Chartered Bank PLC.
How You Could Benefit from Speaking to an Anti-Terrorism Attorney
Because these banks acted as co-conspirators with Iran by providing material support in the form of money to Iran (with the full knowledge this support would be used to commit acts of terrorism against American soldiers and contractors), you could be entitled to file a bank sponsored terrorism lawsuit against the banks. If you or a loved one was severely injured or a loved one was killed as a result of bank sponsored terrorism, you may be entitled to seek compensation from the banks which funded this terrorism.
Having an anti-terrorism lawyer by your side who is prepared to fight for your rights and hold those responsible for your injuries accountable can make all the difference in the outcome of your anti-terrorism lawsuit. While pursuing damages from the actual terrorists might be next to impossible, pursuing damages from the banks which financed this terrorism is emerging as a potentially viable option. An anti-terrorism attorney can help answer your questions, and help you seek reparations for your losses related to bank sponsored terrorism.