IDF, Defense Ministry deposit NIS 29 million worth of terror funds to Bank of Israel

• Published date: 18 April 2024
• Author: JERUSALEM POST STAFF
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

Throughout the war, the Plunder Seizure Unit of the Technology and Logistics Branch identified and seized numerous terrorist funds from the Gaza Strip area. On Thursday, 18 April, 12 million Shekel were transferred to the Bank of Israel

The money-counting process lasted about five hours and took place at the Plunder Seizure Unit in Tzrifin. Upon completion, the money was placed in designated envelopes, and a Brinks truck arrived to transfer the money for deposit at the Bank of Israel.

Counterterrorism efforts

This sum is added to approximately 17 million shekels seized in the Gaza Strip since the beginning of the war and deposited in the same process last week at the Bank of Israel. In addition, additional sums were transferred to the Finance Department in the Defense Ministry, and the deposit process will be completed later.

Terror funds were identified, among other places, in Hamas strongholds and in the homes of wanted individuals where...