ISRAEL SANCTIONS DOZENS OF CLIENTS OF HEZBOLLAH'S BANKING NETWORK

The ministry did not name the targeted entities, but said "deposited significant amounts with the association, Which directly funds the activities ofthe declared terror organisation Hezbollah."

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Israel's Defence Ministryannounced sanctions on dozens of clients of the Al-Qard a1-Hassan Association, a network of unofficial banks used by Hezbollah to both raise and launder money, on Thursday.

"We will lay our hands on all those who support terror, on every front and with every means," said Defence Minister Israel Katz said in a statement, saying the move's goal was to "collapse the terror networks and hit those who provide them economic oxygen."

The ministry did not name the targeted entities, but said "deposited significant amounts with the association, which directly funds the activities of the declared terror organisation Hezbollah." The ministry said money deposited with the Al-Qard a1-Hassan Association (AQAH) is used to purchase weapons and pay the salaries of Hezbollah terrorists, among other things.