IDF says top Hamas money man killed in Gaza airstrike

The IDF and Shin Bet security agency announce that a Gazan man involved in transferring tens of millions of dollars to Hamas’s military wing was killed in an airstrike.

According to a joint statement, Subhi Farwanah and his brother worked to transfer funds, using a currency exchange store, to Hamas and its military wing over the last few years.

Farwanah was killed in an airstrike in southern Gaza’s Rafah, according to the IDF.
The statement says Hamas’s military wing depends on funds, via money exchangers, to be able to fight.

The money exchangers receive funds from Iran and other countries abroad, and launder them for Hamas while avoiding international financing systems, according to the Shin Bet.

“Farwanah was one of the few and prominent money exchangers who was able to transfer to the military wing of Hamas the amount of money needed for the fighting,” the IDF and Shin Bet say.

The statement says Farwanah transferred tens of millions of dollars to Hamas over the last few years, as well as during the ongoing war, “knowing that the funds are essential to the continued ability of the [military wing of Hamas] to fight.”