Live Update 
From the Liveblog of
Monday, October 21, 2024
From the Liveblog of
Monday, October 21, 2024
Gallant signs order declaring shadowy Hezbollah bank a terror organization
Defense Minister Yoav Gallant signs an order declaring Hezbollah's grey-market bank Al-Qard Al-Hassan a terrorist organization on October 21, 2024 (Shira Keinan/Defense Ministry)
Defense Minister Yoav Gallant signs an order declaring Al-Qard Al-Hassan, an unlicensed gray-market bank seen as one of Hezbollah’s main sources of cash as a terror organization, his office says.
The statement says the move is part of “the economic effort that the security establishment has embarked upon to combat Hezbollah and various terror groups.
The move comes a day after Israeli airstrikes targeted branches of Al-Qard Al-Hassan.
At least 11 strikes were reported in Beirut’s southern suburbs, with more attacks tallied in southern Lebanon and the northeastern Beqaa Valley region, all Hezbollah strongholds.
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