Arab Bank Verdict Comes Amid Tougher Rules For Foreign Banks

For the first time, an international bank is being held responsible for supporting a terrorist group in a civil suit under the Anti-Terrorism Act. The guilty verdict for Arab Bank in a federal court in New York on Monday is a sign that authorities are increasingly cracking down on financial institutions that don't know their clients well enough, but it could discourage banks from operating in some of the world's most vulnerable countries, say experts.