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OFAC Blacklists Islamic National Bank, Al-Aqsa TV
By Brian Monroe and Colby Adams
printThe U.S. Treasury Department blacklisted a Palestinian bank and television station Thursday for their alleged relationship with Hamas, a U.S.-designated terrorist organization. The terror group uses the Islamic National Bank of Gaza (INB) as a transit point for its cash smuggling operations, the department said in a statement. Hamas, which has been subject to U.S. sanctions since January 1995, uses INB to pay the salaries of its party members and thousands of militants with accounts at the bank, according to the department. The Palestinian organization also provided $20 million in start-up capital to INB, which the Palestinian Authority and the...
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