Israel raids exchange companies for allegedly transferring funds to Hamas

Israel continues to pursue exchange companies operating in the Palestinian territories under the rationale that they have been transferring funds to Hamas.
2006 Tulkarm money exchange seizure
This picture handed out by the Israeli Army shows Israeli officers as they count and confiscate money inside a money exchange shop in the northern West Bank town of Tulkarm on Sept. 20, 2006. Israeli security forces confiscated more than $1 million dollars during a series of predawn raids on money exchange shops and banks across the West Bank. - Dan Bronfeld/IDF/AFP via Getty Images
Ahmad Melhem.jpg
Ahmad Melhem
@ahmadme44502893

RAMALLAH, West Bank — Within 48 hours, the Israeli army confiscated approximately $410,000 from two money exchange companies in the West Bank, alleging they had been illegally transferring funds to Hamas activists in the West Bank.

On June 8, the Israeli army raided the headquarters of the Beit Al-Maqdes Company for money exchange in the city of Tulkarm in the northern West Bank, confiscating $48,800 and 199,000 shekels ($61,419).

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