Crédit Lyonnais, taken to court in New Jersey, US, by an American family, victim of a terrorist attack while visiting Israel, would like to make the following clarification.

In 1990 in strict compliance with the applicable legislation in France, accounts were opened in the name of “Comité de bienfaisance pour la solidarité avec la Palestine.” This was a charity registered under the French law of 1901 relating to non-profit organisations.

At the end of 2000, due to unusual movements on the main account, Crédit Lyonnais, made the necessary statements according to the legislation.

In January 2002, Crédit Lyonnais undertook, in compliance with its internal controls, the necessary actions to close the accounts down, which were finalised in September 2003.

It should be noted that this association, which does not appear on any European lists of organisations linked to terrorism, was only added to the American lists in August 2003.