From The Intelligence and Terrorism Information Center at the Center for Special Studies, comes The Arab Bank
Palestinian Terrorist Organizations Use The Arab Bank to Channel Money into Terrorism
- The Arab Bank is a private banking institution with head offices in Jordan. It is one of the largest banks in the Arab world and has many branches in the Palestinian Authority (PA)- administered territories. It is the preferred channel of many Palestinian terrorist organizations, particularly Hamas and the Palestinian Islamic Jihad, for the transfer of money from external sources into the PA-administered territories.
- Documents captured by the Israeli army clearly illustrate the bank’s important role as a the Palestinian terrorist organization conduit for the transfer of funds to the infrastructure supporting their activities (payments to the families of terrorists who die while perpetrating attacks, and to terrorists who are wounded, imprisoned or wanted by the Israeli police).
Read the rest at the site.
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