Insurance Recording problems of receiving the card Withdrawal cash from ATM without credit card Civil lawsuit Following the September 1997 suicide bombing in Jerusalem, five American students who had been wounded were awarded $251 million in compensatory and punitive damages against the government of Iran and the Iranian Revolutionary Guard Corps by Judge Ricardo M. Urbina, under the Flatow Amendment of the Foreign Sovereign Immunities Act, in accordance with Section 201a of the Terrorism Risk Insurance Act of 2002, which states that "in every case in which a person has obtained a judgment against a terrorist party on a claim based upon an act of terrorism ... the blocked assets of that terrorist party ... shall be subject to execution". Since most Iranian assets in the United States had been withdrawn after the embassy hostage crisis, the only substantial monetary asset left was approximately $150,000 in the Bank Melli's account in the Bank of New York. Before turning over the funds to the five students, however, the Bank of New York sued for a legal decision regarding its responsibilities in the case. The United States Department of Justice, speaking as amicus curiae in support of Bank Melli, advised that the bank had no responsibility for turning the funds over to the students; in March 2006, Judge Denise Cole ruled against them, and was upheld by the Second Circuit Court in April 2007. Bank Melli then withdrew the funds from Bank of New York. On 5 March 2018, Bank Melli lost an appeal "related to credit card use in Iran" concerning "roughly $17.6 million that Visa Inc and Franklin Resources Inc" were holding for Bank Melli. United States sanctions On 25 October 2007, the United States imposed unilateral sanctions against Iran. These sanctions include new measures to reduce Iran's ability to conduct financial transactions between the state-owned banks of Iran and United States citizens or private organisations. Bank Melli was included in these sanctions, on the grounds that, besides its other customers, Bank Melli provides financial services to Iran's nuclear and ballistic missile programmes. A fact sheet released by the US Treasury Department also asserts that between 2002 and 2006 Bank Melli sent at least $100 million to Hamas, Palestinian Islamic Jihad, Hezbollah and other groups, via the Quds Force, a branch of the Iranian Revolutionary Guard. In a statement published on its web site, BMI refutes the US allegations and