Case Study: Awarding Civil Damages for Banking Bad Customers

  • When: Previously recorded on: April 29, 2015
  • Time: 12:00 PM – 2:00 PM ET
  • Level: Intermediate to advanced

Could you be held liable for civil damages over what a customer did with his account? In one recent case, a Brooklyn jury said yes. Arab Bank, which has denied the allegations, was sued by victims of terrorist attacks. They claimed the bank supported Hamas by handling transfers for some of the group’s members. Similar suits are appearing in other jurisdictions, and the trend could cost financial institutions millions, potentially billions, in civil damages. This panel dissects the recent legal cases and offers practical guidance for safeguarding your organization against similar legal claims.

Learning Objectives

  • Reviewing case law pertaining to civil AML damages
  • Developing legal and operational strategies for banking citizens of high-risk jurisdictions
  • Training workforce on civil money laundering vulnerabilities

Who Should Attend

  • Managers with On-boarding Responsibilities
  • Legal and Regulatory Advisers
  • Sanctions and Compliance Officers


  • Banking
  • Legal


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Sumeet Abichandani
  • Sumeet Abichandani

  • FCC Framework Lead Analyst
  • GE Capital

Katherine L. Haennicke
  • Katherine L. Haennicke

  • Senior Counsel and Vice President
  • BMO Financial Group

Andrew Davies
  • Robert Pasley

  • Owner
  • Pasley Consulting

Brian Vitale
  • Brian Vitale

  • Chief Risk and Compliance Officer
  • Notre Dame Federal Credit Union