IN THIS SECTION
Al Rajhi Bank Dubai Islamic Bank HSBC scandals Federal Reserve Bank corruption, issues
See also: Goldman Sachs
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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
2012/07/17 Report Shows How HSBC Maintained Its Ties With One Of Osama Bin Laden's Key Benefactors.
By Linette Lopez
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
2015/07/15 9/11 Plaintiffs Demand Dubai Islamic Bank's Documents. By Jacob Fischler
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
2005/05/16 Terror banks targeted in 9/11 suit. By Carl Campanile
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
2012 Business Insider: HSBC Money laundering report
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
Updates: 2021/03/24 some editing on article format to get it in synch with rest of website; From older rivergold dot net: page started 08/11/2017
Bank Corruption