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Israel's Targeting of Financial Institutions Sparks Controversy

October 21, 2024 | US Department of State


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Israel's Targeting of Financial Institutions Sparks Controversy
In a recent government meeting, discussions centered around the implications of targeting financial institutions linked to Hezbollah amid ongoing military actions in the region. The dialogue highlighted the complexities of distinguishing between civilian infrastructure and entities that may support terrorist activities.

Officials acknowledged that the bank organization Alkad Al Hassan is currently under sanctions from the Office of Foreign Assets Control (OFAC) due to its connections with Hezbollah, which is recognized as a terrorist organization. The conversation raised critical questions about the legality and morality of targeting such financial institutions, especially when they also provide civilian services.

One official emphasized the need for Israel to take every possible measure to minimize civilian impact during military operations, even when targeting facilities associated with Hezbollah. The discussion pointed out that Hezbollah often operates within civilian infrastructure, complicating the decision-making process regarding military targets.

The officials reiterated that while Israel has the sovereign right to make its own targeting decisions, there are legal and ethical obligations to protect civilians. They referenced United Nations Security Council Resolution 1701, which called for Hezbollah to disarm, suggesting that the current situation might have been avoided had the group complied.

The meeting concluded with a recognition of the challenges posed by the intertwining of militant operations and civilian life, underscoring the necessity for careful consideration in military strategies to avoid civilian casualties.

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