Millions of Shekels seized in West Bank raid

Wednesday, September 20, 2006 |  by Staff Writer  

In an early morning raid on several money changing locations in the West Bank, Israeli security forces seized millions of Shekels and Jordanian Dinars suspected of funding terror activities against Israel. Three Palestinians were also arrested in the raid.

The operation, conducted against 14 different money changing offices in the West Bank cities of Jenin, Nablus, Tulkarm, and Ramallah, was intended to stop the flow of money from terror organizations’ headquarters abroad to local cells which would then use the money to fund terrorist activities. The offices were suspected of transferring money from the Hamas, Islamic Jihad and Hizballah offices in Syria and Lebanon to the local cells in the West Bank and Gaza.

In total, the money confiscated in the raid totaled about 6 million Shekels (almost $1,380,000) and 17,000 Jordanian Dinars (approximately $24,000). According to security officials, the money originated in Iran, and was intended to finance the purchasing of weapons, explosives, training, and other logistical support. The funds were also intended to manufacture Kassam rockets fired at Israel from Gaza.

During the past few weeks, Israel has arrested additional money changers who were suspected of transferring fund to terrorists.

An Israeli security official said in response to the raids that “over the past few years terror group have been operating incessantly transferring large sums of money to the West Bank and to the Gaza Strip.”

“Money is the fuel for the terror activity and enables them to build terror infrastructure and perpetrate terror attacks,” the official added.

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