Wednesday, February 18, 2009

How is new Terrorist Group in Gaza funded?

Reports yesterday that two rockets were fired into Israel by a previously obscure terrorist organisation known as the Brigades of Hizballah in Palestine, who has claimed responsibility, raises the question; how is this organisation funded, and what are the financial avenues through which money to support its activities flows? How the alleged Iranian sponsor gets the cash into the Palestinian territories is a mystery**, but the mere rumour that such is happening is enough to raise the level of risk for any financial institution in the region that is still passing funds of Iranian origin through third parties, enroute to unknown destinations. When Iranian funds are covertly transferred into the Palestinian territories, US regulatory sanctions, and even terrorist financing charges filed in US courts, are a real threat to the participants.

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