IDF: Strikes targeted financial group holding hundreds of millions of dollars for Hezbollah weapons purchases

The IDF says jets hit dozens of sites overnight that are linked to an organization that funds the Hezbollah terror group.

Strikes were carried out in Beirut and south Lebanon.

Most of the strikes targeted branches of an unlicensed gray-market bank seen as one of the group’s main sources of cash.

The military says Hezbollah holds hundreds of millions of dollars in the association’s branches, including funds that are directly associated with terror activities by the group’s military arm.

It says the monies are used for the purchase of weapons, and the payment and distribution of salaries to the operatives from Hezbollah’s military wing.

The IDF says it took extensive steps to avoid harm to civilians, issuing multiple warnings for them to evacuate, and notes that the strikes were part of “ongoing efforts to harm Hezbollah’s terrorist activities, disrupt Hezbollah’s military activities and make it difficult for Hezbollah to restore its military capabilities.”

מטוסי קרב של חיל האוויר תקפו במהלך הלילה, בביירות, בעומק ובדרום לבנון, ובהכוונה מודיעינית של אגף המודיעין, עשרות מפקדות ואתרים בהם אוחסנו כספים ששימשו את הזרוע הצבאית של ארגון הטרור חיזבאללה לפעילות טרור נגד מדינת ישראל>> pic.twitter.com/QKxITJxzkc

— צבא ההגנה לישראל (@idfonline) October 21, 2024