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PA Unfreezes Hamas FundsBy Matthew Levitt
Undersecretary of the Treasury Stuart Levey, who heads Treasury's Office of Terrorism and Financial Intelligence, is in the Middle East pressing for enhanced efforts to stem terrorist financing. Despite his recent meetings with Palestinian officials on the need to limit transfers of money to Hamas, PA President Mahmoud Abbas agreed to release money to the militant group from a of bank account the PA froze in a crackdown two years ago. Abbas freed the funds as a good will gesture to preserve a delicate cease-fire with Israel even though he ordered the initial freeze in 2003 as Prime Minister. For more on Hamas' efforts to undermine the nascent ceasefire, see PeaceWatch #491, "Sustaining an Israeli-Palestinian Ceasefire."
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