AMMAN (AFP) - The Jordan-based Arab Bank, one of the largest in the Middle East, on Sunday dismissed US press allegations that it was involved in funding Palestinian groups that finance suicide bombers.
A statement received by AFP said that a report by The Los Angeles Times "is false."
"The Arab Bank will submit the documents to prove this," the statement said.
The Los Angeles Times said on its website on Saturday that US investigators have uncovered evidence that Arab Bank channelled tens of millions of dollars from wealthy Saudi Arabians to Palestinian groups that finance suicide bombers and their families.
The Arab Bank is being investigated by the US authorities and facing lawsuits in US courts. But the bank said lawsuits against it in the United States were "months old and in some cases years old."
According to the newspaper's report the bank is being investigated by the US Justice Department for alleged financial links to organisations and individuals accused of terrorism.
In 2005, the bank agreed to pay the US federal government 24 million dollars in fines for violating US laws aimed at preventing terrorist financing, The LA Times said.
The Arab Bank has also faced lawsuits in the US from American and Israeli citizens wounded in suicide bombings and other violence, but bank officials have repeatedly denied any involvement.
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