NY State Probes German Bank for Links to Palestinian Terrorist Group

PFLP gained notoriety by carrying out a series of hijackings targeting Israeli, US and European airlines between late 1960 and early 1970.

New York State has launched an inquiry into a series of accounts that Deutsche Bank, a leading German private bank, operates for a German far-left party accused of providing support to the Popular Front for the Liberation of Palestine, or PFLP. Both the United States and the European Union have designated PFLP a terrorist organization.

Besides terrorism financing, the probe will focus on the German political party’s affiliation with the anti-Israel boycott movement (BDS), a violation under the New York State’s anti-BDS executive order issued last year.

In last month’s German parliamentary election, PFLP members ran on the joint list of the Marxist-Leninist Party (MLPD). Despite protests from the Israeli government, the German government did not act against MLPD for providing a platform to a known terrorist organization.

The story was broken by the Jerusalem Post’s Europe Correspondent Benjamin Weinthal:

The Office of the New York State Comptroller on Friday opened an investigation into accounts Deutsche Bank holds for a German political party that allegedly provides organizational support to the PFLP terrorist organization.

“As part of our policy, we are making inquiries of Deutsche Bank,” Matthew Sweeney, a spokesman for the Office of the New York State Comptroller, said after The Jerusalem Post revealed the four accounts the Marxist Leninist Party of Germany holds at Deutsche Bank and the party’s purported fund-raising for its partner in the recent German election – the pro- BDS entity the Popular Front for the Liberation of Palestine.

Both the EU and the US have designated the PFLP as a terrorist organization.

Deutsche Bank is an investor in the $200 million New York Credit Small Business Investment Company that is part of “New York’s $184.5 billion state pension fund, the third-largest public pension fund in the country,” the Comptroller’s Office said in 2015.

Deutsche Bank’s operation of the Marxist Leninist Party’s accounts raises a host of questions about terrorism financing, including whether the bank violated New York State’s anti-BDS executive order.

Founded in 1967, PFLP gained notoriety by carrying out a series of hijackings targeting Israeli, US and European airlines between late 1960 and early 1970. The terrorist organization continues to carry out terror attacks against Israeli civilians and security forces in coordinates with terrorist outfits Hamas and PLO.

The operational ties between Germany’s various Communist outfits and Arab terrorists go a long way. In 1977, PFLP terrorists hijacked a Lufthansa aircraft in an unsuccessful attempt to free a group of left-wing terrorists belonging to the ‘Baader-Meinhof Gang’ sitting the West German prisons.

Issues