Bank of China (BOC) has denied accusations made in a US lawsuit that it helped transfer millions of dollars to terrorist groups in the Middle East, AP reported. The lawsuit was filed in Los Angeles by victims of terrorism in Israel, including the family of a 4-year-old boy killed in 2004. BOC called the accusations groundless. The lawsuit said the bank used wire transfers to send millions of dollars to Hamas and Islamic Jihad to finance attacks between 2004 and last year. It also said Israeli officials met with Chinese police and bank officials in 2005 but failed to get them to stop the money transfers. The suit said money from the Middle East was sent to BOC branches in the US, then to a bank branch in Guangzhou before being wired to terrorists in Israel, the West Bank and Gaza Strip. The bank said it abides by UN regulations against money laundering and also has internal rules that prohibit giving financial services to terrorist groups.
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