Barclays, HSBC Sued by U.S. Soldiers Over Attacks in Iraq
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Barclays Plc, HSBC Holdings Plc and four other banks were accused in a lawsuit by U.S. soldiers of helping Iran process billions of dollars in transfers and finance terrorists who attacked Americans serving in Iraq.
Lenders including Standard Chartered Bank, Credit Suisse Group AG and Royal Bank of Scotland NV conspired with Iran and its banks to withhold certain data from transactions, enabling them to circumvent monitoring by U.S. regulators, the soldiers said in a complaint yesterday in federal court in Brooklyn, New York.