By John Lee.
A lawsuit has been filed in the US against Barclays, Credit Suisse, HSBC, Royal Bank of Scotland (RBS), and Standard Chartered, seeking to hold them responsible for attacks on the US military because their alleged processing Iranian money that financed the attacks.
According to a report from Reuters, the lawsuit, filed by wounded US veterans and family members of US soldiers killed in Iraq, alleges that the banks conspired with Iranian banks to mask wire transactions in order to evade U.S. sanctions, and that Iranian banks then funneled more than $100 million to militant groups that operating in Iraq.
Since 2009, the five banks have agreed to pay about $3.2 billion to the U.S. government to resolve allegations that they handled money in violation of sanctions against statess such as Iran, Libya and Cuba.
(Terrorism image via Shutterstock)