THE GOLDEN RIVER
SYSTEM ABUSE / BANKS
Updates:  page started 08/11/2017 BANK ISSUES Al Rajhi Bank     Dubai Islamic Bank     HSBC scandals     Federal Reserve Bank corruption, issues See also:  Goldman Sachs Real or Possible Islamic Supporters of 9/11 These Islamic banks seem to be involved in 9/11:  Al Rajhi Bank, Dubai Islamic Bank in the United Arab Emirates; The Muslim League; and the Faisal Islamic Bank of Sudan; Al Baraka Bank in Saudi Arabia; National Commercial Bank Related supporters as charities, etc:  Aviation contractor Dallah Avco, the Mohamed Binladin Co, the Muslim World League, and other charities. Al Rajhi Bank Business Insider. Report Shows How HSBC Maintained Its Ties With One Of Osama Bin Laden's Key Benefactors. By Linette Lopez (07/17/2012) http://www.businessinsider.com/hsbc-ties-to-al-rajhi-bank-2012-7 Excerpt:  Yesterday, the Senate released a report on HSBC's ties to the darkest actors in global finance. Today, the details of the 335 page investigation are trickling out and shocking everyone.  The laundry list of offenses includes everything [from] money laundering for Mexican drug cartels to ignoring U.S. regulations meant to prevent dollars from reaching our country's known enemies.  Enemies like Al Qaeda.  One of the most damning parts of the report details HSBC's relationship with Saudi based Al Rajhi Bank, a member of Osama bin Ladin's 'Golden Chain' of important Al Qaeda financiers. The relationship has spanned decades, perhaps that is why even when HSBC's own internal compliance offices asked that it be terminated in 2005, even when the US government discovered hard evidence of Al Rajhi's relationship with terrorism, HSBC continued to business with the bank until 2010.  Al Rajhi bank is owned by the billionaire Al Rajhi family and holds $59 billion in assets. It is Saudi Arabia's largest private bank.  Al Rajhi's links to terrorism were confirmed in 2002 when U.S. agents searched the offices of a Saudi non-profit and U.S. designated terrorist organization, Benevolence International Foundation (page 193). In that raid, agents uncovered a CD-ROM listing the names of financiers in Osama bin Ladin's elite 'Golden Chain.' One of those names was Sulaiman bin Abdul Aziz Al Rajhi, a founder of Al Rajhi bank. It doesn't stop there: Al Rahji is also known for financial services to 9/11 hijacker Abdulaziz al Omari, who was on American Airlines flight 11 (from the Senate report, page 201): http://www.businessinsider.com/hsbc-ties-to-al-rajhi-bank-2012-7 Dubai Islamic Bank Law 360:  9/11 Plaintiffs Demand Dubai Islamic Bank's Documents. By Jacob Fischler  (07/15/2015) https://www.law360.com/articles/679255/9-11-plaintiffs-demand-dubai-islamic-bank-s-documents Excerpt: -Victims and family members of the Sept. 11 terrorist attacks asked a New York federal judge Tuesday to force a Dubai bank to release records of accounts linked to various al-Qaida and Taliban members, saying the bank was violating discovery obligations in the multidistrict litigation. In two letters to U.S. Magistrate Judge Frank Maas, the plaintiffs’ executive committees in multidistrict litigation over the 2001 attacks said Dubai Islamic Bank has long laundered funds for the terrorist groups and provided other financial support, and must now release information on the accounts held by al-Qaida and Taliban members — as well as other documents — under U.S. discovery rules. The bank, which is listed as a defendant in the case, has objected to the discovery requests — which include questions about the bank’s money laundering policies, fatwa and Sharia supervisory board and documents related to a 1999 meeting with U.S. officials — as too broad, vague and cumbersome, according to the letters. But the plaintiffs countered the bank has made no good faith effort to retrieve the documents. “DIB does produce some documentation mentioning ‘money laundering,’ but the production can hardly be described as a good faith effort to respond to plaintiffs' requests,” one letter said. "For example, the production consists almost entirely of one and two-page letters, dated 2001, authored by DIB employees … Without question, DIB continues to withhold a wealth of documentation and information responsive to plaintiffs' requests.” https://www.law360.com/articles/679255/9-11-plaintiffs-demand-dubai-islamic-bank-s-documents Various Islamic banks involved in 9/11, FBI Chief John O’Neill New York Post: Terror banks targeted in 9/11 suit.  By Carl Campanile (05/16/2005) http://nypost.com/2005/05/16/terror-banks-targeted-in-911-suit/ Excerpt:  The family of the late FBI counterterrorism chief John O’Neill and others affected by 9/11 have filed new court papers accusing several Islamic banks, charitable groups and individuals with being part of a terror-racketeering conspiracy.  Among those named in the complaints are the Al Baraka Bank in Saudi Arabia and its chairman, Saleh Abdullah Kamel; the Dubai Islamic Bank in the United Arab Emirates; The Muslim League; and the Faisal Islamic Bank of Sudan.  All are accused of conspiracy to murder, providing material support to terrorists, money-laundering and fraud.   O’Neill, who had just retired from the FBI, was the new head of security at the World Trade Center and died when terrorists destroyed the towers. http://nypost.com/2005/05/16/terror-banks-targeted-in-911-suit/ HSBC Business Insider:  HSBC Money laundering report (2012) http://www.businessinsider.com/hsbc-money-laundering-report-2012-7 Lawsuit by Families of Victims of 9/11 naming Islamic banks and others Reuters: Saudi banks, bin Laden companies face $4.2 billion U.S. lawsuit by 9/11 insurers http://www.reuters.com/article/us-usa-saudi-sept-idUSKBN17F2FX Excerpt:   More than two dozen U.S. insurers affiliated with Travelers Cos (TRV.N) have sued two Saudi banks, companies affiliated with Osama bin Laden's family, and several charities for at least $4.2 billion over the Sept. 11, 2001 attacks. The lawsuit filed late on Wednesday night in the U.S. District Court in Manhattan is the latest effort to hold entities in Saudi Arabia liable for the attacks. http://www.reuters.com/article/us-usa-saudi-sept-idUSKBN17F2FX
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