and Israeli victims of terrorism
and Members of Congress praised today's enforcement action against Arab Bank
plc, but also expressed concerns that it did not go far enough.
"The bank should be required to face its day in court," said Polina Valis,
a New York resident who was severely injured in the attack on the Dolphinarium
disco in June 2001 that killed 21 and injured over 100. authorities for failing to report suspicious transactions destined for
the Middle East .
Among other things, the Arab Bank launders Saudi payments to charitable
fronts for Palestinian terrorist groups and the families of so-called
"martyrs" by converting them into dollars at its Madison Avenue branch, the
lawsuits allege. For more information on Motley Rice LLC
call 1-800-768-4026 or visit http://www.

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Marine.
With $32 billion in assets and operations in 30 countries, Arab Bank is
among the largest in the Middle East and is the preeminent bank in the West
Bank and Gaza .

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For more information on Motley Rice LLC call
1-800-768-4026 or visit http://www.
"They can run, but they can't hide," said Ron Motley, lead litigation
counsel to the Israeli victims. Government intends to
take action and have every confidence that the United States will protect the
interests of the many American families victimized by Palestinian terrorism,"
said Osen.

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Lawyers for the American and Israeli victims of Palestinian terrorism today
promised to pursue the bank despite its planned closure of its New York
branch.S.

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Motley Rice attorneys
continue to seek justice in the areas of: catastrophic injury; complex case
resolution; consumer and commercial fraud; environmental hazards and
contamination; medical negligence and defects; occupational disease; and
transportation defects."
Arab Bank claims that the "operational environment in the United States is
not in line with the financial institution's strategy.

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Mr. and Israeli victims of terrorism have sued Arab Bank in New
York alleging it provided systematic financial services to the families of
Palestinian terrorists and front organizations for Hamas and other terrorist
groups.S.

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"For Arab Bank to decide to
abandon the largest financial market in the world is very telling.
Motley and Osen said they would take immediate steps to prevent Arab Bank
from removing assets and documents from the United States. Payments to the
families of suicide bombers constitute a vital part of terrorism's economic
infrastructure," said former National Security Council official Lee Wolosky.

About Motley Rice LLC
Motley Rice LLC is one of the nation's largest plaintiffs ' litigation
firms.

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"We feel vindicated by what the Treasury Department has done, but if the
government is serious about holding Arab Bank accountable, they can't be
allowed to run out of the country unless our rights are preserved," said John
Linde Sr. I remain deeply concerned about
reports of Arab Bank's role in supporting terrorism and look forward to
learning additional facts regarding this situation in the coming weeks and
months. The funds are then allegedly re-routed to local branches of
Arab Bank in the West Bank and Gaza Strip and paid out for distribution to the
families of terrorists and Hamas and Palestinian Islamic Jihad front
organizations.

Arab Bank to End U.S. Operations Faces Overwhelming Evidence New York Branch Funds Mid-East Terrorism

According to the Wall Street Journal, Arab Bank is under investigation by
U.

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, a former U.

S. laws and
regulations implicated by Arab Bank's systematic provision of financial
services to the families of Palestinian terrorists and front organizations for
Hamas and other terrorist groups . According to the civil suits, Arab Bank, through its Madison
Avenue branch in Manhattan, has channeled large sums of money to terror front
groups and the families of Palestinian suicide bombers.

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diplomatic convoy in the
Gaza Strip.

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com .
"Every major international bank needs a presence in New York ," said Gary
M.com .

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S."
The payment to Hotari and similar payments to suicide bombers are described in
a December 2004 report of the Congressional Research Service.
Lawyers for the victims, led by Ron Motley, Allan Gerson and Gary Osen,
have said that they would take steps to prevent Arab Bank from removing assets
and documents from the United States.

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Victims of Terror and Members of Congress React to OCC Enforcement Action Against Arab Bank

Osen, one of the attorneys who filed the first civil case against Arab Bank
and who today represents the families of more than 40 American victims of
recent attacks during the Palestinian Intifada. Federal Court for the Eastern District of New York.

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S. Motley Rice attorneys
continue to seek justice in the areas of: catastrophic injury; complex case
resolution; consumer and commercial fraud; environmental hazards and
contamination; medical negligence and defects; occupational disease and toxic
torts; and transportation defects.

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On February 7, 2005, Arab Bank said it would close its New York
Branch, citing the "extremely litigious" environment in the United States. The funds are then re-routed to local branches of Arab Bank
in the West Bank and Gaza Strip and paid out for distribution to the families
of terrorists and Hamas and Palestinian Islamic Jihad front organizations,
according to the lawsuits.

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S." Lawyers for the
victims suggest that the Arab Bank is seeking to avoid U.

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S. The money transfers
violate American anti-terrorism laws , according to the lawsuits that are
pending in the U.

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regulatory
investigation and a series of lawsuits brought by families of American and
Israeli victims of Palestinian terrorism, Arab Bank PLC, one of the largest
financial institutions in the Middle East, today announced plans to
"gradually " close its New York branch and end its American operations. Motley Rice attorneys gained global recognition for their pioneering
work on behalf of asbestos victims, the State Attorneys General in their
landmark litigation against Big Tobacco, and the 9/11 families in their
groundbreaking lawsuit against terrorist financiers.

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NEW YORK, U. Prominent Law Firms Vow to Pursue Bank Despite Closure

NEW YORK, Faced with a U. Last year it reported net profits of more than $303 million.motleyrice .

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"
Among other things, the Arab Bank launders payments to charitable fronts
for Palestinian terrorist groups and the families of so-called "martyrs" by
converting them into dollars at its Madison Avenue branch, the victims
lawsuits allege.

About Motley Rice LLC
Motley Rice LLC is one of the nation's largest plaintiffs' litigation
firms. Motley Rice attorneys gained global recognition for their pioneering
work on behalf of asbestos victims, the State Attorneys General in their
landmark litigation against Big Tobacco, and the 9/11 families in their
groundbreaking lawsuit against terrorist financiers.S.

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Over 1300 U.
Representative Sue Kelly (R-NY), the chairwoman of the Oversight and
Investigations Subcommittee of the House Financial Services Committee said:
"Today's action by the OCC is encouraging.

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The family of one of
the perpetrators of that attack, Said Hassan Hussein Hotari, appears to have
received a payment of 20,000 Saudi riyals ($5 ,300) via the payment program
administered by Arab Bank for the families of so-called Palestinian "martyrs.
"We are heartened by published reports that the U.

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Linde's son John, also a former Marine,
was killed on October 15, 2003 while escorting a U.motleyrice.
"Whether it retains a branch in the United States or not, Arab Bank
remains both legally and morally responsible for its actions.