JERUSALEM/RAMALLAH: Two Israeli banks will halt working with their Palestinian counterparts in the coming months citing risks of associating with possible terrorism financing and money laundering, Israeli officials said, fueling concerns of a Palestinian economic crisis. Israeli officials and the head of the Palestinian central bank said that Israel Discount Bank will stop its association with Palestinian banks on September 1 and Bank Hapoalim will follow suit on October 1. Both banks work with several Palestinian lenders.

Israeli banks have informed their Palestinian counterparts that they intend to end critical banking services within weeks, Israeli and Palestinian

Des banques israéliennes ont informé leurs homologues palestiniennes de leur intention de mettre fin prochainement à des services essentiels, faisant craindre une crise économique…