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It’s fair to say that COVID has replaced terrorism as a focus of national concern these days, but justice for victims of terrorism marches on. In 2015, the Department of Justice (DOJ) took a critical step toward holding foreign terrorists accountable when it established the U.S. Victims of State Sponsored Terrorism Fund (USVSST). This fund compensates thousands of Americans who have been victims of international acts of terrorism – including the Iran hostages held from 1979 to 1981 and their families, victims of the embassy bombings in Kenya and Tanzania, victims of the attack on the U.S.S. Cole, victims of 9/11 and their families, and other international terrorist incidents.

As a former Army Captain, protecting my fellow Americans is near to my heart. This little-known settlement fund is something I’m proud to be part of in my corner of the civil justice space, so I want to shed some light on the way it works.

The USVSST fund is supported by proceeds, penalties, and fines from civil and criminal matters involving prohibited transactions with state sponsors of terrorism. For example, if a foreign bank is found guilty of laundering money that supports terrorist groups, the fees they must pay as penalty go into this pool. The fund is managed by the DOJ’s Criminal Division, which “… aggressively prosecutes terrorist financiers and others who abuse the U.S. financial system to commit crimes, and uses all available tools, including civil and criminal forfeiture, to seize their assets and illicit funds.”

The fund has given out millions of dollars so far; the compensation is allocated based on each claimant’s situation and is distributed in rounds. The third round of payouts from the USVSST is happening now. Claimants include more than 13,400 individuals and families impacted by September 11th, the embassy bombing in Tanzania, or the Iranian hostage situation. The total payout is $1,075,000,000.

This round of payouts comes from Standard Chartered Bank (SCB), a multinational banking and financial services institution headquartered in London, England. SCB agreed to forfeit $240 million and pay a $480 million fine for conspiring to violate the International Emergency Economic Powers Act. The criminal conspiracy centers around the banks’ processing of approximately 9,500 transactions totaling nearly $240 million through the U.S. financial system for the benefit of Iranian entities. SCB agreed to pay an additional financial penalty of $292 million, bringing the total to over $1 billion. Similar cases involving JPMorgan Chase Bank and UniCredit Bank AG were also added to the Fund in 2019.

When sufficient funds are available, the next round of payments can be authorized in 2022 or in subsequent years until the USVSST fund sunsets in 2030.

My team has had the distinct honor of overseeing distribution of these settlement funds to claimants around the world. It is our duty to lend a hand to those who face tragedy suddenly, and to do our part to bring justice to our fellow citizens.


  1. Gravatar for Kevin burns
    Kevin burns

    Forthcoming check ,puzzled by amount.9/11 lost

    1. Gravatar for Anthony Joseph Vola
      Anthony Joseph Vola

      Iam still waiting for my payment from fund 911 lost

  2. Gravatar for Theodore Greenberg
    Theodore Greenberg

    My wife calls this find an ongoing miracle. We are American citizens living in Israel. We were on the edge for many years, but wake up to to requests for charity with open ears.

  3. Gravatar for Aaron Lande
    Aaron Lande

    The 3rd round is my first round in the fund. Got my payment letter in August and they started 3rd round payments October 22 but as of Nov 17th still have not been paid anthing from this fund. Very slow anxiety level process.

    1. Gravatar for Anthony J Vola
      Anthony J Vola

      Same thing with me have not received my payment as of yet iam still waiting received award letter in aug starting distribution oct 22 still nothing my attorney cannot get any info from vsst or justice dept everyone went silent

      1. Gravatar for Anthony Vola
        Anthony Vola

        Same thing with me. I received my award letter in Aug. They already started sending out payments In Oct. on a Rolling Basis. I’m wondering if the payment will come this year.

    2. Gravatar for Anthony J Vola
      Anthony J Vola

      I received my settlement statement on nov 30 still no check

    3. Gravatar for Anthony J Vola
      Anthony J Vola

      Have you received a payment yet

  4. Gravatar for Anthony Vola
    Anthony Vola

    I am waiting as well since Aug. Perhaps, will we get these payments from the Third distribution this year?

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