In the northern hills of the West Bank, the Jenin Brigades—an alliance of Palestinian Islamic Jihad terrorists, Hamas operatives, and breakaway factions from the Al-Aqsa Martyrs Brigades—have transformed refugee camps into launchpads for shootings, bombings, and ambushes. These attacks are not spontaneous eruptions of rage. They are the predictable output of a sophisticated terror-finance apparatus that funnels Iranian cash through Palestinian banks, diverts Israeli-collected tax revenues, and exploits global enablers. This system is Tehran’s low-cost lever to stretch Israeli defenses, hollow out the Palestinian Authority, and torpedo any path toward regional normalization.

Palestinian banks sit at the center of this artery. The Palestinian Monetary Authority supervises institutions holding roughly 24 billion dollars in total assets as of today, with the Bank of Palestine alone reporting 10.7 billion dollars. These banks process the overwhelming majority of Israeli shekel transactions in an economy with no sovereign currency of its own. They depend on correspondent relationships with Israeli banks such as Bank Hapoalim and Israel Discount Bank to clear daily payments and maintain liquidity.

Yet this same infrastructure also distributes payments from the Palestinian Authority’s Martyrs Fund and Prisoners Fund. In 2025, the Palestinian Authority transferred approximately 500 million shekels—roughly 156 million dollars—to........

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