Submit your comments on this article |
Home Front: WoT |
U.S. orders Arab Bank in New York to end wire transfers |
2005-02-26 |
![]() The Jordan-based bank has denied that it helped transfer such funds and said it had made extensive investments to promote peace by financing projects in Palestinian territories. On Friday OCC said the bank agreed to convert the branch to an agency office and take steps to improve its compliance program and internal controls. A bank spokesman said the OCC order forces Arab Bank to exit the wire transfer business, but allows it to continue activities in trade and corporate finance. |
Posted by:Fred |