Global Banks Are Washing Money For Terrorist Attacks

The issue of terrorism has obviously been in the news due to the recent terrorist attacks in Israel. Farron Cousins fills in for Mike Papantonio and is joined by attorney Chris Paulos, who has been working for many years on terrorism lawsuits, to weigh in.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

The issue of terrorism has obviously been in the news due to the recent terrorist attacks in Israel. I'm joined now by attorney Chris Paulos. Chris, you have been working for many years at this point on terrorism lawsuits, specifically targeting banks that have essentially been laundering money for terrorists, for decades at this point. So, I guess obviously the elephant in the room, we have to talk about this recent attack and what we know, if we know anything about any of the funding or who might be behind it in addition to Hamas.

Well, Hamas obviously is a long time terrorist organization, quasi political organization, in the Middle East. And we do know who finances Hamas and what one of their primary sources of funding is and that is the country, the Islamic Republic of Iran. And they have been a long time backer of that group as well as others. And it is part of their constitutional creation of the country, that particular version of Iran to wage jihad against Israel and Western targets, essentially. And so Hamas is one of the arms that they use to do that.

And so with Iran, they have been linked to attacks, the funding coming from the country. So is it the government of Iran where this is coming from or are they turning a blind eye to it? How does the funding mechanism work in those instances?

So it is absolutely the government of Iran. They use proxy organizations like Hezbollah, Hamas, Al-Qaeda, and those that they have some closer operational relationships with, such as Hezbollah and Hamas or those that they basically provide safe haven, funding weapons to, and let run amuck throughout the Middle East or elsewhere. And strike secret deals like they did with Al-Qaeda, where they would give Al-Qaeda safe haven in Iran, allow them to use their financial infrastructure to fund their operations throughout the globe, but didn't really have an obvious connection to that group because of the Shia Sunni divide that exists. But that's how Iran is operating. They're external, essentially military, paramilitary operations. They're all conducted by foreign terrorist organizations that they've supported with large amounts of money, weapons, training, you name it. Hamas being one of the primary groups that they support.

And so obviously this is a very hot button issue whenever you're talking about Israel and Palestine and you do have issues with what Israel has done in Palestine. But right now, this is almost, it's related, but it's not quite related, right. Because we're dealing with a terrorist attack, a horrific terrorist attack. You can't look at the footage, you cannot look at the things that have happened and justify it. You you cannot. I mean, I know I've seen people on social media that have attempted to, but you cannot. This is not government versus government. This is an extremist group funded by an outside country that has a vested interest in this happening. So people have to understand this different dichotomy that we are dealing with here. And another part of that dichotomy, which you and I have talked about in the past, but we gotta talk about it, is the banks. We have seen these banks, they've even told the Justice Department, yeah, we did it. And Justice Department says, that's so mean of you, pay us some money, and we're gonna, we're done. So tell us the role that the banks play. How do they fit into the scheme?

Well, there's many, many instances of which the leaders of these terrorist organizations and officials within Iran or other states sponsor of terror, where they will flatly say that money is the lifeblood of terrorism. That without money there can be no jihad.