US officials criticized Israel’s raid on Palestinian banks in the West Bank town of Ramallah, arguing that the action risks destabilizing the Palestinian banking system. “We have in the past and continue to urge the Israeli government to work closely with the Palestinian financial authorities to address the issues of transparency and of making sure that money doesn’t reach any terrorist groups through these banks,” said State Department spokesman Richard Boucher. “Some of these actions that were taken risk destabilizing the Palestinian banking system, so we’d prefer to see Israeli coordination with the Palestinian financial authorities in order to stem the flow of funds to terrorist groups,” he said. Full Story
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