Arab Bank Verdict Injects Risk Into Compliance Landscape

By Pete Brush (September 23, 2014, 7:17 PM EDT) -- A New York federal jury's landmark decision to hold Arab Bank PLC liable for terror attacks will be subject to a lengthy appeal, but its immediate impact will be to force a financial sector already obsessed with governmental regulatory compliance to redouble internal control efforts with private lawsuits in mind, experts said Tuesday.

The decision sets up proceedings on the amount of damages, likely to be a complicated process in its own right given the thousands of plaintiffs -- hundreds of whom are Americans with claims under the Anti-Terrorism Act -- and their disparate situations. After, or potentially during, that process, appeals...

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