 In 1958 he founded the Arab Commercial Bank, which would be active in lending to Arab nationalist groups and as the chief repository for the Algerian National Liberation Front.In the 1960s Genoud began supplying arms for Palestinian causes.The Lausanne-based New European Order organisation, met in Barcelona in April 1969 where Palestinian groups received financial support and Genoud placed them in contact with former Nazis who would assist their military training, including pledged support designated for the Palestinian Liberation Organisation.