Palestinian Terrorist Organizations Use the "Arab Bank" to Channel Money into Terrorism

(Intelligence and Terrorism Information Center - CSS) The Arab Bank, a private banking institution with head offices in Jordan, is one of the largest banks in the Arab world and has many branches in the PA-administered territories. It is the preferred channel of many Palestinian terrorist organizations, particularly Hamas and Islamic Jihad, for the transfer of money from external sources into the territories. Documents captured by the IDF clearly illustrate the bank's key role as a conduit for funds supporting the activities of Palestinian terrorist organizations: payments to the families of terrorists who die while perpetrating attacks, and to terrorists who are wounded, imprisoned, or wanted by Israel.

2004-08-06 00:00:00

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