11. Under federal law, if a bank is found to have knowingly laundered money for criminals, federal regulators can revoke its charter effectively putting it out of business. 12. Palestinians have maintained the PNC already took action to revoke the charter. 13. Arafat also hopes that revoking the charter will pave the way for a partial Israeli troop withdrawal from Hebron, the last West Bank city still under occupation. 14. Arafat needs a two-thirds majority in the PNC to revoke the charter, Zanoun said. 15. If in fact tomorrow the Palestinian charter is revoked, we will view it as a success of our policy. 16. In all, a two-thirds majority is required to revoke the charter. 17. Israel has said revoking the charter was a test of Palestinian credibility. 18. It also said the state education board should be able to revoke charters more quickly. 19. Israeli Foreign Minister Ehud Barak said Monday revoking the charter was a test of Palestinian credibility. 20. Palestinians say they have already revoked the charter. |