Hamas Robs Banks to Seize Frozen Funds » Publications » Family Security Matters: "The recent news that Hamas militants broke into a Gaza Strip branch of the Bank of Palestine and stole $400,000 which had been frozen as part of terrorism investigation indicates that no matter what the Palestinian Authority may try, Hamas is willing to use violence to protect its interests. While the fractured government in the Palestinian territories has been making small steps towards stemming the flow of terrorist financing, it remains an uphill battle.
In a recent speech, the Assistant Secretary for Terrorism and Financial Intelligence at the Treasury Department, David S. Cohen explained:
'The Palestinian Authority, which understands the threat that Hamas poses to peace in the region, has taken important steps to limit Hamas's influence by supervising both the Palestinian banking system and the charitable sector in the West Bank and Gaza.'"
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