News
Army says Gaza-West Bank terror funding network exposed
18 Jul 2019

The IDF said Wednesday it arrested Hamas members linked to a money transfer network that funneled cash from the Gaza Strip to the West Bank for terror purposes.

The network was operated by a passport-issuing agency named “Al-Haramain” in the Gaza Strip, the army said.

Money was transferred by offsetting debts between a number of independent money exchangers while using a minimal amount of cash. Hence it did not require registration in the world banking systems, the IDF said.

The large amounts of money transferred through this method were used for organizational terror activity and for funding the salaries of Hamas operatives.

By Jacob Magid, The Times of Israel, 17 July 2019

Read more at The Times of Israel

Photo: Ralf Lotys (Sicherlich) [CC BY 3.0], via Wikimedia Commons

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