Israel
27 June 2023

Defence Minister Yoav Gallant announced that “a few days ago, an extensive and precedent-setting operation – to expose a route for financing terror with digital currencies – was wrapped up [by Israel]. This is the first incident of this magnitude, in which an infrastructure led by Hizbollah and the Iranian Quds Force that transferred millions of dollars to be used by terror elements was thwarted”. “This time too”, he added, “there is a clear line behind the terror [financing] moves that originate in Iran. Iran is the financier, trainer and spreader of terrorism against Israel and many countries around the world, both directly and through its proxies at the borders”. Gallant further warned that “whoever finances terror, or maintains a financial relationship with terror operatives, must know that he is a target, just like anyone who directs terrorism”.

Subscribe to Crisis Group’s Email Updates

Receive the best source of conflict analysis right in your inbox.