China’s Bank of Terrorism

Bank Of China Tower In Hong Kong

From Pajamas Media:

Bank of China is accused of transferring millions of dollars to Hamas and Palestine Islamic Jihad.

Is Beijing the world’s banking capital for terrorists? Ruthie Zahavi, whose four-year-old son was killed by a rocket launched by Hamas in 2004, and dozens of other victims of terrorist acts in Israel seem to think so.

On August 21, they filed suit in Superior Court in Los Angeles, alleging that, beginning in July 2003, Bank of China transferred millions of dollars to help Hamas and Palestine Islamic Jihad. The moneys, originating in Iran and Syria as well as other places in the Middle East, were funneled through Bank of China branches located in the United States to a branch in Guangzhou, the capital of China’s Guangdong province. From there the funds were wired to Israel, the West Bank, and Gaza, where they were used “for the purpose of planning, preparing for and executing terrorist attacks” between May 2004 to January of last year.

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My Comment: This has the potential to cost China plenty. They are going to figure it out very quickly that for the few bucks that they make .... in the long run it is not worth it.