The World - News from Dec. 28, 1986
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Seattle First National Bank has been fined $25,000 by the Commerce Department, which said the bank gave Arab officials information related to the Arab League’s boycott of Israel. Lawyers for the bank neither admitted nor denied the accusations in the consent settlement, according to a statement from the department. Federal officials said that between January, 1982, and April, 1985, Seattle First National supplied five items of information to people in Saudi Arabia and Dubai, forwarding statements from letter-of-credit beneficiaries certifying that goods shipped to the two countries were not of Israeli origin.
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