JPost exclusive: NY State probes Deutsche Bank for link to Palestinian terrorist group – Diaspora

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.

New York Gov. Andrew Cuomo said in 2016: “It is very simple. If you boycott against Israel, New York will boycott you.”

The Post reached out to Cuomo’s office on Saturday for a comment on whether Deutsche Bank violated his 2016 executive order, but his office did not respond by press time.

Claudio De Luca, a spokesman for Deutsche Bank at its Frankfurt headquarters, told the Post that the bank does not generally issue comments on customers.

He did say, however, that “Deutsche Bank takes the fight against finance crimes and terrorism finance very seriously. The bank strengthened considerably the range of its systems and controls. The bank added roughly 1,000 new employees between 2015 and the end of 2017 to its Division of Compliance and Anti-Financial Crime. The processes of…

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