Bank Hapoalim and Israel Discount Bank are facing charges in New York federal court that they violated American anti-terrorism finance laws by allegedly serving as a conduit for Hamas. The accusations come from the Arab Bank of Jordan, which was first accused of similar charges and is now striking back by throwing the charges at the Israeli banks.
Thank god the American public institutions are here to be more rigorous than the Israelis in the fight against terrorism:
The Defense Ministry’s Web site, for example, lists 200 organizations as terrorist entities with which Israeli banks are barred from conducting financial transactions. The list’s American equivalent, by contrast, includes roughly 800 organizations. There is only one entry for Hamas on the Israeli list, whereas the American list has some 30 charities and individuals tied to the Islamist group.
The consequences of the muddled situation emerged in September, when Israeli authorities discovered that roughly $745,000 transferred by Israel Discount Bank ended up in the coffers of the Executive Force, Hamas’s main security force in Gaza. The money, which was classified as wages paid out by the Palestinian Authority, was wired to Executive Force-controlled accounts at the Palestine Islamic Bank in Gaza.