Hapoalim’s board concluded that the bank is exposed to possible U.S. lawsuits if transferred funds to Palestinian banks funded Palestinian terrorists.
By YEHUDA SHARONI/MAARIV HASHAVUA
Bank Hapoalim has in recent days told the Finance Ministry it intends to sever working ties with corresponding Palestinian banks if the state does not provide overarching protection against related criminal and civil lawsuits.
A recent board meeting came to the conclusion that the bank is exposed to possible lawsuits if it is discovered that funds transferred to Palestinian banks ended up funding terrorist activities. Continue Reading »