U.S. Veterans Sue Big Banks for Facilitating Iranian Terrorism

More than 80 vets, families sue for deaths of U.S. troops

BY: Adam Kredo
November 10, 2014 4:00 pm

More than 80 wounded U.S. combat veterans and their families have filed suit against several of the world’s largest banks, which they accuse of facilitating financial transfers on behalf of Iran that directly led to the killing and wounding of U.S. troops in Iraq, according to court documents obtained by the Washington Free Beacon.

The suit filed early Monday accuses multiple banks of “committing acts of international terrorism” by helping Iran fund and arm Iraqi terrorists who have killed scores of U.S. troops, according to the complaint.

More than 200 plaintiffs have signed onto the suit, which targets some of the largest international banks, including: HSBC Bank USA, Barclays, London’s Standard Chartered Bank, the Royal Bank of Scotland, Credit Suisse, and London-based Bank Saderat.

The veterans argue that the banks helped Iran illegally move “billions of dollars” to terrorist entities that later targeted U.S. troops in attacks.

The suit alleges these banks are knowingly acting as key cogs in Iran’s efforts to evade U.S. sanctions and provide “material support” to Hezbollah and other terror groups, which, at Tehran’s behest, have carried out attacks against U.S. interests in Iraq.

Read more: Washington Free Beacon