Report: PA aims to stop money laundering to Hamas

August 21, 2007 08:59

Salaam Fayad's Palestinian Authority government is working on a new law prohibiting money laundering, in an effort to strike at Hamas funding sources, Israel Radio reported on Tuesday morning. According to the Al-Hiyat newspaper, the report said, internal Palestinian security reports showed that merchants and importers have been serving as couriers for Hamas, acquiring funds from abroad in exchange for a cut. This has been the most common way bringing money into the Gaza Strip since the Rafah border crossing was closed following the Hamas takeover.

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