Hamas security men seize money from Gaza bank

GAZA (Reuters) - Hamas security forces took $400,000 from a bank in the Gaza Strip Monday, in a direct challenge to Palestinian authorities in the West Bank who had frozen the money to comply with money laundering regulations.

Hamas, which runs the Gaza Strip, said the men were executing a court order to seize the assets of a medical organization, the Patient’s Friend Association.

Seeking to apply global regulations against money laundering, the Palestine Monetary Authority (PMA) froze the association’s account after its board fell under Hamas control, banking sources said.

Must be running low on explosive funds.