IDF soldiers and Border Police officers confiscated around NIS 1.5 million in terrorist funds during a raid into the West Bank, the Israel Police confirmed Wednesday.
The funds seized included US dollars, euros, Jordanian dinars, and other foreign currencies in addition to local new Israeli shekels.
The operation also resulted in the arrest of nine suspects.
"The West Bank Border Police officers are working shoulder to shoulder with the rest of the security forces i the area in the heart of hostile territory to cut off the oxygen supply of terrorism: money," West Bank Border Police commander Dep.-Ch. Niso Guetta said in a statement.
"This operation... is part of a large-scale effort to damage the financing routes of terrorist organizations. Only recently, together with the rest of the security forces, were we able to confiscate huge sums of money, amounting to millions of shekels, throughout the West Bank."
Israel cracks down on terror financing in the West Bank
The seizing of the funds comes amid increased Israeli security operations in the West Bank, including raids in Ramallah targeting Palestinian banks.
On Tuesday, the IDF told The Jerusalem Post that it had busted the last exchange bank in the West Bank that launders terrorist funds.
This also comes over two weeks after Defense Minister Israel Katz, in a post on X/Twitter, said that the number of terror attack threats in the West Bank has dropped by 80%.
The minister mentioned refugee camps such as Jenin, Tulkarm, and Nur Shams as “hotbeds of terrorism built with Iranian financing, arms, and guidance.”
Yonah Jeremy Bob contributed to this report.