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Israel to close occupied West Bank crossings as Hebron lockdown continues | Benjamin Netanyahu News

Israel says it will close all land crossings with the occupied West Bank when it holds a general election on Tuesday.

Israel has said it will close all land crossings with the occupied West Bank on the day of its general election next week.

The Israeli army said in a statement early on Sunday that it would bar Palestinian workers from entering most areas of the West Bank from Sunday through Monday, and a full closure of crossings into and out of the territory will be enforced on Tuesday, the day of the Israeli vote.

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The announcement comes a day after Israeli army imposed a lockdown in Hebron and displaced thousands of Palestinians from their homes.

It has conducted hundreds of raids since Friday’s attack by two Palestinian gunmen on an Israeli army reserve base, which killed two Israeli soldiers. The two Palestinians were also killed.

Israeli Prime Minister Benjamin Netanyahu ordered a “full lockdown” of the occupied West Bank following the attack, while Defence Minister Israel Katz confirmed that “about 2,000” people had been displaced.

“They will not be allowed to return to their neighbourhood until we’ve finished dealing with all the Hamas issues in Hebron,” Katz said in an interview with public broadcaster Kan.

‘Complete blockade’

Hebron’s Mayor Yousef al-Ja’bari told Al Jazeera that the city of Hebron and several neighbouring villages were under a complete blockade.

He also said on Saturday that 2,200 people had been forced from their homes by Israeli troops and raids.

Israeli machinery demolishes a Palestinian house in Hebron in the occupied West Bank on October 23, 2026 [Mussa Qawasma/Reuters]
Israeli machinery demolishes a Palestinian house in Hebron in the occupied West Bank on October 23, 2026 [Mussa Qawasma/Reuters]

The Palestinian Authority, which governs parts of the West Bank, has called for international pressure on Israel to protect Hebron’s residents, who said soldiers announced forced evacuation orders over loudspeakers late at night, leaving them with no time to prepare and few places to go.

The PA called Israel’s actions “collective punishment”, citing the demolition of homes, forced displacement of entire neighbourhoods, and the “closure and siege of Palestinian cities”.

About 200,000 Palestinians live in the city of Hebron, and a further 600,000 in Hebron governorate, making it the West Bank’s most populous area.

The Israeli military has said the operation will last several days.

But Netanyahu suggested bigger action was coming, saying he was planning an operation on a scale not seen since Israel occupied the West Bank in 1967.

Netanyahu, Israel’s longest serving prime minister, is facing a tight race for a new term in Tuesday’s vote, and analysts say he is trying to capitalise on ongoing regional military conflicts and national security fears to anchor his re-election campaign.

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Israel to close West Bank crossings on election day as crackdown escalates

Israeli Defence Minister Israel Katz said about 2,000 residents had been displaced by the operation, which has led to at least one whole street appearing to have been flattened, according to footage shared online.

Even before the entry and exit bans on workers were announced by the IDF on Sunday, the military had cordoned off the city, heavily restricting the movement of its 200,000 residents.

It is common for Israeli forces to demolish the homes of Palestinians who are suspected of carrying out attacks on Israelis in the West Bank – a practice Israeli rights groups have criticised as collective punishment.

Friday’s shooting came during a tense time for the region, just days ahead of Israel’s election taking place on Tuesday.

In an interview with Israel’s i24 television channel released on Saturday, Netanyahu threatened a “very big surprise” for the Palestinian Authority (PA), which governs parts of the territory.

Hebron Mayor Youssef al-Jaabari said the operation was being “driven by the elections” and that Netanyahu and his ministers were attempting to secure the votes of the far right and the settlers.

On Saturday, thousands gathered in Tel Aviv for a large anti-government demonstration.

The protest was organised by the October Council, a group founded by the families of victims and hostages taken by militants on 7 October 2023, to demand accountability for the failure to prevent the Hamas-led attack.

“Three days before the election, we will hold the culminating event marking three years of struggle to uncover the truth, demand accountability, and establish a state commission of inquiry,” the October Council wrote on X ahead of the rally.

The gathering saw the participation of the leaders of the four main opposition parties, including Gadi Eisenkot, the former military chief of staff who is neck and neck with Netanyahu.

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More than 2,000 forced from homes in Hebron amid Israel’s West Bank raids | Occupied West Bank News

Palestinians in Hebron are ‘living in fear’ with the city closed, while Israeli forces arrest dozens across West Bank.

Israel has imposed a lockdown and displaced thousands of Palestinians from their homes in Hebron, as the military conducts raids in the occupied West Bank following the deaths of two Israeli soldiers.

This comes as the Palestinian Authority (PA) on Saturday called for international pressure on Israel to protect Hebron’s residents, who said soldiers announced evacuation orders over loudspeakers late at night, leaving them with no time to prepare and few places to move to.

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Hebron’s mayor Yousef al-Ja’bari told Al Jazeera that 2,200 people had been forced from their homes as hundreds of Israeli raids took place since Friday’s attack by two Palestinian gunmen on an Israeli army reserve base. The two Palestinians were killed, as well as the two Israeli soldiers.

Israeli Prime Minister Benjamin Netanyahu then ordered a “full lockdown” of the West Bank following the attack.

Mayor al-Ja’bari said on Saturday that Hebron residents can neither enter nor leave the city.

Israeli soldiers also fired a stun grenade at Al Jazeera journalists near the Farsh al-Hawa checkpoint in Hebron, as they documented an Israeli operation to bulldoze homes and vehicles in the area.

An Israeli soldier speaks with a driver at the blocked northern checkpoint in Hebron, in the occupied West Bank, on October 24, 2026.
An Israeli soldier at the blocked northern checkpoint in Hebron near a number of demolished cars [AFP]

The Israeli military carried out raids across at least 15 areas of the occupied West Bank on Saturday, Al Jazeera correspondents on the ground reported.

Those targeted include Jenin and Nablus in the north; Ramallah, Al-Bireh, Birzeit, and occupied East Jerusalem in the centre; and Bethlehem in the south.

Israeli forces have arrested about 70 Palestinians in raids across the West Bank, the Palestinian Prisoners’ Society said.

The PA, which governs the West Bank, called Israel’s actions “collective punishment”, citing the demolition of homes, forced displacement of entire neighbourhoods, and the “closure and siege of Palestinian cities”, and urged the international community to intervene, Palestinian news agency Wafa reported.

Meanwhile, Hamas said in a statement that the “campaigns and escalations carried out by the occupation and its criminal settlers against our people will only fuel further outrage”.

Hundreds of thousands ‘under siege’

Around 200,000 Palestinians live in the city of Hebron itself, and a further 600,000 in Hebron governorate, making it the West Bank’s most populous governorate.

Those 800,000 Palestinians in Hebron governorate are “now under siege, with all entrances and exits closed since morning”, Issa Amro, a Palestinian activist and political analyst based in Hebron, told Al Jazeera.

“Inside the city, there is no safe place for anyone to hide … the city is really in fear,” Amro said.

Political positioning

Israeli politicians are trying to “capitalise” on the attack ahead of parliamentary elections on October 27 , Al Jazeera’s West Bank correspondent Nour Odeh said.

“Netanyahu, his Likud party, and his allies in this right-wing coalition are behind in the polls,” said Odeh, so in response they are “trying to put up a brave front, saying they’re combating Palestinians”.

Just days before Israelis are set to vote, Netanyahu avoided answering whether he planned to dismantle the PA, but said a “big surprise” awaits the organisation.

Israeli machinery demolishes a Palestinian house following a shooting attack, in Hebron in the Israeli-occupied West Bank, October 23, 2026. REUTERS/Mussa Qawasma TPX IMAGES OF THE DAY
Israeli machinery demolishes a Palestinian house following Friday’s shooting attack in Hebron [Mussa Qawasma/Reuters]

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Full lockdown of occupied West Bank begins | Israel-Palestine conflict

The Israeli army begins its lockdown and military operations across the West Bank. Around 200 Palestinian families have been forced out of their homes in Hebron. All checkpoints and crossings in the West Bank closed for Palestinians. Al Jazeera’s Mohammad Saleh brings you the latest.

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Displaced West Bank Palestinians face growing hunger after UN cuts food aid | Israel-Palestine conflict News

Tulkarem, occupied West Bank – Fawza Awad, a 75-year-old widow, couldn’t hold back her tears as she described the living conditions she has endured since being displaced from the Tulkarem refugee camp in January 2025 – a result of an Israeli military operation that targeted refugee camps in the northern West Bank, forcibly displacing tens of thousands of Palestinians from their homes.

With little money, Fawza and her family found shelter where they could: a small, unfinished house in Tulkarem belonging to her daughter. She currently lives in a portion of the structure alongside her son, his wife, and their child.

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The family previously relied on limited financial and food assistance provided by the World Food Programme (WFP), but has not received aid in the past five months.

The UN agency officially announced a 50 percent reduction in the number of food aid recipients in the occupied West Bank in September, citing “critical funding constraints”, the result of reduced funding from international funders. Food needs, conversely, have more than doubled since 2023, when Israel began its genocidal war on Gaza, and increased attacks on Palestinians in the West Bank.

The WFP noted at the time that approximately 900,000 people in the West Bank are currently suffering from food insecurity.

In a statement given to Al Jazeera, the WFP confirmed that some families had stopped receiving aid before the official announcement in September.

Fawza and her family have been left to fend for themselves. There is no prospect of returning to her old home – she says that the Israeli army has completely demolished the structure, replacing it with a wide road to facilitate the movement of its military vehicles.

She added that one of her sons has been detained by Israel since 2024, while her other sons, who previously worked inside Israel, are now all unemployed.

“I suffer from asthma and high blood pressure, requiring monthly medication that costs at least 200 shekels ($64), an expense no one covers for me. We used to receive modest food aid barely enough for two or three people, but now that has stopped completely,” Fawza told Al Jazeera.

Rabab Qasim and her husband Talib Abu Sarriya live with their three children in a school building in Tulkarem after being displaced last year
Rabab Qasim and her husband Talib Abu Sarriya live with their three children in a school building in Tulkarem after being displaced last year [Hatem Hamdan/Al Jazeera]

‘Not even bread’

Not far away, in the al-Muwahhad School building in the Thannabeh suburb of Tulkarem, more than 1,000 Palestinians displaced from the Tulkarem and Nur Shams refugee camps are sheltering, having found nowhere else to go and unable to pay rent.

Among them are Rabab Qasim, 47, her husband Talib Abu Sarriya, 72, and their three children. For the second consecutive year, they have been living in a small, 30-square-metre (320sq-foot) room on the ground floor of the school, with no source of income and totally reliant on aid.

For the past three months, the family has received no aid whatsoever following the WFP food assistance cut.

“I suffer from a herniated disc in my back, requiring monthly treatment that costs 300 shekels ($96) – an amount I cannot afford,” Rabab said. “I also need physical therapy, which I have never been able to access because I cannot pay for it. I sleep on a worn-out mattress on the floor; all I wish for is to be able to buy a bed.”

Talib told Al Jazeera that the family are often unable to find bread or a meal, and frequently go to sleep hungry. It’s a far cry from their former life in the Tulkarem refugee camp, where he once owned a small vegetable stall. It was a modest livelihood, but one that gave them enough to get by.

Said al-Amour lost his leg in a settler attack, now he is losing the aid that supports his family
Said al-Amour lost his leg in an Israeli pogrom [Hatem Hamdan/Al Jazeera]

Alone in the struggle

The WFP has blamed increasing Israeli pogroms and forced displacements in the West Bank for devastating livelihoods, deepening hunger, and pushing families into even more severe crises. The latest quarterly food security analysis conducted by the WFP indicates that 76 percent of Palestinian households in the West Bank have experienced a significant decline in income.

According to the analysis, 12 percent of the population has poor food consumption, and one-third of households cannot afford a healthy diet due to rapidly deteriorating economic conditions. Rural areas and the governorates in the southern occupied West Bank have been the hardest hit.

Said al-Amour, 61, a resident of Khirbet al-Rakeez in Masafer Yatta, south of Hebron, told Al Jazeera that he and his 14-person family haven’t received any assistance from the WFP for the past seven months.

In April 2025, while confronting repeated attacks by settlers on the village, Said says he was shot by a settler. The injury resulted in the amputation of his leg and a permanent disability; he continues to face periodic assaults and beatings whenever he encounters the settlers – part of the ongoing pogrom against Palestinians in the West Bank.

“They are trying to steal our land. I refuse to let them take it, and I will continue to defend it, but I am paying a heavy price. Now, they have cut off the aid I used to receive that helped my family remain steadfast here,” he told Al Jazeera.

Due to the amputation of his leg, al-Amour requires monthly medical treatment costing at least 1,200 shekels ($385), an expense that he cannot afford. He has no source of income other than a few olive trees, which settlers frequently attempt to seize.

Collapse of livelihoods

In cooperation with its partners, the WFP still provides assistance to 200,000 Palestinians in the West Bank through cash transfers, food vouchers, direct food supplies, livelihood programmes, and nutritional services.

However, the WFP told Al Jazeera that it simply does not have the resources to cover the needs of all the families in the West Bank requiring assistance.

“The cessation of aid does not imply that a beneficiary is ineligible; rather, it is a broad decision affecting all current beneficiaries, regardless of the outcome of their individual assessment,” the WFP said. “It is possible that changes may occur, and aid could be reinstated for some beneficiaries; in such cases, they would be contacted and notified via text message.”

Economist and human rights activist Ubai Aboudi told Al Jazeera that the West Bank is facing a humanitarian crisis exacerbated by the loss of the WFP food aid, as well as a financial crisis affecting the Palestinian Authority (PA). Israel has completely withheld the customs revenues it collects on behalf of the PA since May 2025, leaving the authority unable to pay public sector salaries.

Aboudi noted other factors, such as the tens of thousands of Palestinians previously employed in Israel and illegal settlements in the West Bank who have been out of work since October 2023, when Israel stopped giving them work permits.

He also added that Israeli restrictions on Palestinian and international NGOs, including the suspension of registration for 37 international organisations and the closure of some local groups, have further limited the ability to provide humanitarian assistance.

“Around half a million Palestinian families need food assistance, while the actual need may be greater,” Aboudi said. “With aid declining from the World Food Programme and other sources, many families are unable to secure food.”

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Israel locks down occupied West Bank after Hebron shooting | Israel-Palestine conflict News

Israel has imposed a lockdown across the occupied West Bank after a shooting near Hebron killed two Israeli soldiers. Israeli forces raided Palestinian homes and arrested residents. Prime Minister Benjamin Netanyahu threatened a military operation on a scale unseen since 1967.

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Jerusalem Daily: Israel to ‘lock down’ occupied West Bank | Newsfeed

Israeli Prime Minister Benjamin Netanyahu orders a “full lockdown” of the occupied West Bank following a shooting in Hebron, while National Security Minister Itamar Ben-Gvir expands settlers’ access to firearms. Meanwhile, questions emerge over the UN’s role at Gaza’s Rafah crossing.

Al Jazeera’s Marah Rayan brings us the latest from Palestine and Israel.

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Israel arrests 36 Palestinians in the West Bank, attacks on farmers ramp up | Israel-Palestine conflict News

Israeli pogroms on Palestinian farmers and their lands during the olive harvest season intensify.

Israeli forces have arrested 36 Palestinians during raids across the occupied West Bank, as attacks on Palestinian farmers and their lands during the olive harvest season ramp up.

In Jenin governorate, Israeli forces raided towns and villages on Thursday, arresting 10 Palestinians, the Palestinian news agency Wafa reported, citing data from the Palestinian Prisoner’s Society.

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Israeli forces also raided the town of Tuqu in the Hebron governorate on Thursday and arrested former prisoner Shorok al-Badan, along with five others from other parts of Hebron, according to Wafa.

The Colonization and Wall Resistance Commission said on Thursday that Israeli forces arrested 14 people in Khirbet Jawaya village of Masafer Yatta in Hebron, while Wafa reported that three other Palestinians were arrested across the Hebron governorate, citing a security source.

In Nablus and Jerusalem, three more Palestinians were arrested during Israeli raids in the village of Burin, the town of Awarta, and the Qalandiya refugee camp.

Attack pattern

The Colonization and Wall Resistance Commission said it documented 17 pogroms by Israeli forces and settlers on Thursday against Palestinian farmers and their land during the olive harvest.

The incidents were recorded across occupied West Bank governorates, including Hebron, Qalqilya, Nablus, Ramallah and el-Bireh, Jenin and Salfit.

According to the Commission, the attacks included assaults on farmers, preventing them from reaching their land, theft of crops and agricultural equipment, damage and burning of olive trees, as well as arrests, threats at gunpoint and live fire.

The Commission says the pattern represents an escalation in attacks targeting the olive harvest and undermines Palestinians’ ability to access and cultivate their land and maintain their livelihoods.

Israeli attacks on Palestinian farmers garnered international attention and condemnation. US Democratic congressional candidate Brad Lander was briefly detained on Wednesday by the Israeli military with a warning while volunteering to help Palestinian farmers harvest olives in the occupied West Bank.

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Israel frees suspects in two settler attacks as West Bank pogroms intensify | Occupied West Bank News

Israeli court releases nine settler suspects over West Bank attacks as investigations into recent assaults continue.

Israel has released nine of the 10 Israeli settler suspects arrested over attacks on a US journalist and European diplomats in the occupied West Bank, placing them under house arrest.

An Israeli court in Jerusalem ordered the release late on Wednesday, according to Honenu, a law firm that represents Israeli settlers.

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Israeli police said one suspect remained in custody and that the investigation into the violent incidents was continuing.

Masked settlers were filmed last week assaulting Heidi Levine, a Washington Post photojournalist covering a Palestinian olive harvest who was taken to hospital and underwent surgery on a finger.

In a separate attack earlier this week, masked settlers assaulted French, Belgian and Polish diplomats and a French mayor in another part of the West Bank.

The suspects had been detained after the United States called for a crackdown on settler violence. France, Belgium and Poland also urged Israel to act.

“In the vast majority of attacks against Palestinians, no arrests are made at all,” said Yonatan Kanonich, head of research at the Israeli rights group Yesh Din. “In cases that receive media coverage … the police arrest several settlers and release most of them shortly afterward.”

United Nations Secretary-General Antonio Guterres said in a post on X Thursday that the situation in the occupied Palestinian territory was “out of control”, with Palestinians continuing “to suffer daily attacks by Israeli settlers” and journalists and diplomats also being attacked.

Guterres called for “a credible political path towards lasting peace”.

Separately, the Palestinian Colonization and Wall Resistance Commission on Thursday said it documented 17 West Bank pogroms by Israeli forces and settlers against Palestinian farmers and their land during the olive harvest.

The commission recorded 409 attacks in October, 317 of which were by settlers and 92 by Israeli forces.

Nablus recorded the most attacks, 166, followed by Salfit with 91.

The commission said the attacks included assaults on farmers, preventing them from reaching their land, theft of crops and agricultural equipment, damage and burning of olive trees, as well as arrests, threats at gunpoint and live fire.

Ali Hassan Bazzari from Burqa died of wounds from settler gunfire while picking olives on October 7, the commission reported.

On Thursday, settlers set fire to olive trees near Imatin, east of Qalqilya, while Israeli forces forced farmers to leave and detained a farmer and several of his workers, the Palestinian news agency Wafa reported.

Near Yabad, west of Jenin, settlers stole 17 bags of harvested olives and equipment, local sources said.

Citing a local Palestinian official, Wafa reported that around Jenin, Israeli forces closed transport roads and most village gates, preventing farmers from reaching land in Barta’a.

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Israeli forces detain and then release U.S. congressional candidate at West Bank harvest

Israeli forces detained U.S. Democratic congressional candidate Brad Lander on Wednesday as he helped Palestinian farmers harvest olives in the occupied West Bank, releasing him hours later while dozens of other volunteers, including a group of American rabbis, remained in custody.

The incident was the latest in an annual olive harvest that has been marked by violence between Israeli settlers and Palestinian villagers attempting to gather their crops.

The Israeli military said the farmers and volunteers had failed to seek prior approval for the harvest and were detained “due to the security risk posed by conducting an uncoordinated harvest near an Israeli community.” It later added that it viewed “the arrival of dozens of activists as an act intended solely to provoke, which undermines the harvesting process.”

Lander is running in the U.S. elections on Nov. 3 to represent a heavily Democratic New York district in the U.S. House of Representatives.

“The occupation is a crime under international law,” Lander wrote on social media after he was detained. “Harvesting olives isn’t a crime under any law I know.”

“These detentions by the IDF are one more attempt to undermine Palestinians’ right to harvest their olive groves, travel on their roads, and live in their homes,” he added in a post after his release.

This year, Palestinians have been required to coordinate with the Israeli military to access more of their privately owned farmland than in previous years. The anti-settlement group Peace Now said last week that the army had expanded by nearly 30% the area of farmland that Palestinians cannot enter without prior approval, to 34 square miles. The Israeli military declined to comment on the exact figures but said Palestinian farmers must coordinate access to areas under Israeli security control.

The detained volunteers were taken to a police facility. Lander was among them but “released after it became known that he was a congressional candidate,” the Israeli police said in a statement.

Israeli rights group Yesh Din and the Palestinian Farmers’ Union have said the 2026 harvest has been the most violent in recent history, with hundreds of reported thefts, clashes and arson attacks.

Much of the violence has unfolded on land outside Palestinian villages, where Palestinians have historically harvested olives and Israeli settlers have increasingly erected outposts without authorization from Israel’s government.

But there were no clashes before Israeli forces arrived Wednesday, according to Beck Strober, a spokesperson for Protect the Harvest, the advocacy group that organized the volunteers at the grove.

Jill Jacobs, one of a dozen American rabbis detained, condemned the Israeli government restricting the ability of Palestinians to harvest freely.

“The Israeli government is actively advancing the forced displacement of Palestinian communities across the West Bank, using its military to deny Palestinians access to their land and intimidate those who stand alongside them,” Jacobs, chief executive of T’ruah: The Rabbinic Call for Human Rights, said in a statement.

Lander, who was endorsed by New York City Mayor Zohran Mamdani and U.S. Rep. Alexandria Ocasio-Cortez, defeated U.S. Rep. Dan Goldman in a primary for New York’s 10th congressional district. The race was viewed as a referendum on the Democratic party’s support for Israel. Both candidates are Jewish and have criticized Israel, but only Lander called the war in Gaza a genocide.

Lander was not the first U.S. politician detained in the West Bank this year. U.S. Rep. Ro Khanna, a California Democrat, said Israeli forces detained him during a visit in July.

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US congressional candidate Brad Lander freed after West Bank detention | Civil Rights News

Lander says dozens remain in Israeli custody after being detained while helping Palestinian farmers harvest olives.

United States Democratic congressional candidate Brad Lander says he has been released from Israeli military custody with a warning after being detained alongside dozens of volunteers helping Palestinian farmers harvest olives in the occupied West Bank on Wednesday.

But several dozen others, including rabbis and international volunteers, remain in detention, according to Lander, who called them to be released immediately.

“I’ve been released from IDF custody with a ‘warning,’ apparently because of my public profile,” Lander wrote on X. “I told them I wasn’t even a congressmember yet, just a nominee.”

Lander, a former New York City comptroller and mayoral candidate, was among approximately 80 volunteers detained by Israeli soldiers and police near the village of Nahalin, outside Bethlehem, according to the Israeli organisation Rabbis for Human Rights.

The group, which included American, Israeli, Palestinian, British and Canadian volunteers, had been accompanying Palestinian farmers for about two hours when Israeli forces arrived and informed them that they were in a closed military zone.

The volunteers were then taken to a police station, according to Rabbis for Human Rights.

The Israeli government has not responded to a request for comment.

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Why Bank of America’s AML Failure Is a Wall Street Warning

Experts warn Bank of America’s hefty AML fine signals a reckoning for aging banking compliance.

When Bank of America released third-quarter financials on Oct. 14, shareholders took note of a $1.2 billion non-tax-deductible blow to earnings. The anti-money laundering, or AML, and sanctions penalty shaved 17 cents off its per-share net income.

But the fine itself may be the least of the bank’s worries.

Financial crime and AML experts told Global Finance that this penalty was not an outlier but a warning to the rest of the industry.

“If you looked at every bank in detail, you’d find problems,” ThetaRay CEO Brad Levy said in an interview. “It’s kind of like every house — when the inspector comes, there’s something wrong.”

What Happened

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) addressed the penalty. The segment cited Bank of America’s “failure to mitigate and report priority national security risks, including Chinese Money Laundering Networks and illicit finance along the southwest border.”

The fine is the third-largest in the department’s history, behind a roughly $4 billion settlement with Binance in 2023 and an approximately $3 billion settlement with TD Bank in 2024.

This particular cost includes $750 million that goes to the Office of the Comptroller of the Currency — the largest fine that regulator has ever imposed— plus $11.6 million to the Treasury’s Office of Foreign Assets Control over apparent violations of sanctions programs covering Iran, Russia, narcotics and global terrorism.

A Bank of America spokesperson issued the following statement to Global Finance: “Financial crime compliance is serious, and we are responsible for getting it right. We worked with regulators to reach these penalty resolutions stemming from violations cited in the previously reported 2024 OCC Consent Order and FinCEN’s investigation. We have invested billions of dollars in technology and dedicated thousands of employees to combat financial crime, and our team is far along with and committed to completing the work required to address the issues raised by our regulators.”

Fallout Extends Beyond Government Agencies

For Nikhil Raghuveera, CEO of Predicate, a startup that uses blockchain technology for AML enforcement, the real government-inflicted damage is not to Bank of America’s coffers but to its goodwill.

“The bank faces business and reputational damage with counterparties,” Raghuveera said. Partner institutions, clearing banks, and corporate clients typically tighten their own risk thresholds to protect themselves from secondary liability and run their own risk assessments. And a Bank Secrecy Act violation feeds directly into them, he explained.

“A large bank doesn’t lose its ability to operate, but it does face greater scrutiny and the potential loss of business opportunities,” Raghuveera added. “The regulator now sees the bank as unable to fix things itself. As a result, every new product or expansion gets reviewed through that lens.”

Regulatory Trust Broken

The hefty fine grabbed headlines, but according to Will Lawrence, CEO of San Francisco-based AML software maker Bretton AI Inc., the money matters less than what the bank has lost in regulatory trust.

Will Lawrence,
Bretton AI
Will Lawrence,
Bretton AI

“For a large bank, even a significant financial penalty may be manageable,” Lawrence said in an email. “What’s much harder is operating once regulators lose confidence in the institution’s ability to manage risk.”

That can mean independent monitoring, more board scrutiny and limits on growth.

“Even without formal restrictions on growth or acquisitions, unresolved compliance issues can complicate a bank’s expansion plans,” he said. “The financial penalty may be immediate, but remediation can take years.”

Big-name banks are also vulnerable if their methods for flagging suspicious activity remain outdated.

For example, when a typical analyst pulls data from different systems, reconstructs transactions, and documents the findings, that approach often falls short against sophisticated laundering networks, Lawrence explained.

“These are not necessarily risks you can understand by looking at one transaction or one customer in isolation,” he said. “You need to connect activity across accounts, counterparties and payment channels to identify broader patterns.”

Large penalties are rarely a one-time blip, Raghuveera said. “They tend to reflect patterns: transaction monitoring that’s poorly calibrated, SARs filed late or not at all, watchlists that aren’t kept current, and compliance teams lacking the staff, tools or authority to escalate.”

24/7 Reality Check

For Lawrence, true accountability raises certain questions: Who knew about the risks? Who had the authority to address them? Was appropriate action taken?

“A bank can have sophisticated monitoring systems, but if serious issues aren’t escalated or leadership doesn’t respond, the program isn’t working,” he added.

Also, Lawrence said, a bank can’t spend its way out of the problem. Regulators want evidence that changes are working, not just new policies or software.

“A bank can hire more analysts, purchase new technology, and rewrite its policies without fundamentally improving its ability to identify financial crime,” Lawrence said. Banks have also long tracked activity counts, such as the number of alerts reviewed or cases closed. “Those numbers tell you something about workload, but not necessarily whether you’re managing risk effectively.”

Levy, who spent nearly 20 years at Goldman Sachs before joining ThetaRay, expressed a similar sentiment. To put it plainly, legacy technology hasn’t kept pace.

“Most of these systems and processes are 10 to 30 years old,” he said, stressing the need for serious internal audits to accommodate the 24/7 banking world.

“Ten years ago, you could get away with it,” he said. “In the next five, you actually can’t… the speed-up in technology is going to be breathtaking.”

Anthony Noto covers corporate finance and private credit. Contact him at anoto@gfmag.com

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A timeline of West Bank attacks on Palestinians and foreign officials | Israel-Palestine conflict News

European diplomats and officials were attacked on Saturday amid a surge in settler pogroms across the occupied West Bank in recent weeks, coinciding with olive harvest season.

The settler pogroms have escalated just weeks before Israel heads to the polls on October 27.

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The European Union (EU) on Sunday condemned settler attacks on European diplomats and Palestinians in the occupied West Bank. A day earlier, a veteran American journalist working for the Washington Post was also brutally attacked.

But this is not the first time Israeli settlers have assaulted foreign officials or prominent Palestinians in the occupied West Bank.

Here’s a timeline of some of the recent and past attacks:

October 17, 2026

Israeli settlers assaulted European diplomats, including a French mayor, near the Palestinian village of Taybeh in the occupied West Bank.

The delegation was visiting Palestinian olive harvesters on Saturday when the Israeli attackers confronted the group.

In Saturday’s incident, the settlers targeted Belgium’s consul general, French and Polish diplomats, and Catholic representatives, Belgian Minister of Foreign Affairs Maxime Prevot said.

“A French mayor was assaulted and a Belgian vehicle damaged,” Prevot said, linking the incident to Israel’s “illegal settlement policy” and pledging to push for further EU sanctions.

Bernard Baudoux, the French mayor who was assaulted, told the AFP news agency the attack suggests that “there is a tolerance on the part of the Israeli government” towards settler violence.

Video shared by an activist at the scene, Amit Orfali, shows Baudoux leaning against a vehicle while sitting on the dusty ground. Other clips showed young masked men knocking insistently on a driver’s side window and asking for identification, while other masked men carrying sticks advanced in the distance. Orfali said the masked men “threatened to kill us”.

France’s Foreign Minister Jean-Noel Barrot called on Israel to arrest the “extremist settlers” who “violently assaulted” Baudoux, and bring them to justice. “They must urgently halt this criminal violence and guarantee the safety of civilian populations, as they are compelled to do under international law,” he said in a post on X.

Israeli Prime Minister Benjamin Netanyahu’s office has, however, appeared to question the reports of the attack on the Europeans, saying on X that they are “alleged” and require “compelling evidence”, despite acknowledging that published footage of the incident exists.

“We take positive note of statements by several Israeli representatives who condemned the attacks,” the EU said in a statement on Sunday. “But we expect full accountability as well as effective measures to prevent continued acts of violence and violent harassment against Palestinians, including during the ongoing olive harvest season, as well as against journalists.”

October 16, 2026

Palestinian farmers harvesting olives and veteran American journalist Heidi Levine, 64, who freelances for the Washington Post, were brutally attacked by settlers.

Levine fell to the ground during the assault before she was set upon, witnesses said. “We looked and saw that there was a journalist … on the ground with people surrounding her, beating her, clubbing her, robbing her, pulling her up, beating her again and kicking her,” Jasper Nathaniel, an independent journalist who witnessed the attack, told Al Jazeera.

Levine later told reporters that her attackers “just kept kicking me and kicking me, like probably 50 times”.

Levine was wearing a protective vest marked “PRESS” on the front and back. Her cameras and phone were taken from her during the assault, the Washington Post reported.

Nathaniel said he and others managed to reach her when the settlers briefly backed away, but she struggled to stand. “She was in very, very bad shape. She couldn’t really get up off the ground,” he said.

As they helped Levine towards paramedics, settlers charged again, throwing more stones, he added. The journalist was eventually taken to a hospital in Ramallah.

Nathaniel said Israeli soldiers arrived after the settler assault and opened fire and used tear gas against Palestinians, shooting a man in the leg. “They do nothing to stop the settlers, and they speed into town and start firing their guns and tear-gassing, and they shoot a Palestinian man in the leg,” he said.

“They’re pointing their guns at the paramedics who are helping him, shoving journalists, including myself,” Nathaniel said, adding that the injured man was eventually taken away in an ambulance.

Wafa, the Palestinian news agency, reported that Israeli forces fired live ammunition and tear gas at Palestinians during the attack. After the soldiers left, Palestinians returned to harvesting their olives, Nathaniel added.

Netanyahu’s office has said the facts around the settler attack “remain unclear”, as it offered a conditional condemnation.

“Serious questions remain”, said a post on the official X account of the prime minister’s office, calling for an investigation to “establish the facts, including who initiated the violence”.

October 6, 2026

Israeli settlers beat Palestinian AFP news agency photographer Jaafar Ashtiyeh, 58, with rifle butts near Aqraba, south of Nablus. He suffered bruises to his head and torso and was taken by ambulance to a hospital, according to witnesses, his family and fellow journalists cited by AFP.

AFP photographer John Wessels was with Ashtiyeh when the incident occurred.

The news agency reported that a quadbike had raced towards the journalists and a man had opened live fire.

“At least six other people then rushed towards the AFP journalists, firing guns,” AFP reported. “As Ashtiyeh attempted to enter a car, which was clearly marked ‘Press’, two men jumped on him and beat him repeatedly with the butts of their rifles. ‘I could hear his screams,’ said Wessels, who was also threatened at gunpoint.”

While Ashtiyeh is now conscious in a hospital in Nablus, the assailants have taken his camera equipment, according to his colleague Wessels.

The Israeli military has yet to respond to the AFP news agency.

July 11, 2026

United States Congressional Representative Ro Khanna said he and his tour group were detained by rifle-wielding Israeli settlers during a trip to Palestine.

In a post on X, Khanna had accused the Israeli army of supporting the settlers.

“When the [Israeli army] arrived, they sided with the settlers and continued our detention,” Khanna wrote.

Khanna, a Democrat who is considering running for US president in 2028, told the Reuters news agency that “hoodlums … with machine guns” had detained his group a day earlier. “They block off the road. And then they call the [Israeli military] and the [Israeli military] is on their side,” Khanna said.

He added that the settlers were armed with US-made assault rifles.

In an interview with DRM News, Khanna said his experience in the occupied West Bank and Israel was the “first time” he had “really been acutely aware of being brown”.

“I saw the arrogance in the eyes of those settlers. Twenty-one and 22-year-olds with guns, laughing that they had detained us. The arrogance of those young [Israeli army] soldiers that my tax dollars are funding. Having no respect for the fact that they were detaining Americans,” he added.

The Israeli military disputed Khanna’s version of the events, saying that it “dispersed” civilians who were blocking the road.

Israeli officials have, however, ruled out apologising to Khanna or holding the settlers accountable.

Three months after the incident, on Saturday, October 17, Khanna called Netanyahu a “liar” after his office released an October 16 statement on X saying that “serious questions remain” about “who initiated the violence” and other details of the attack on Washington Post journalist Heidi Levine.

“Netanyahu called me a liar when settlers detained me, along with a NYT photographer, in Zanuta this past July,” Khanna wrote. “Netanyahu, you are the liar with the blood of Palestinian children on your hands.”

November 2025

One Canadian and three Italian activists were injured by illegal Israeli settlers in the Ein ad-Duyuk village in the Jericho governorate in the central West Bank, local sources told the Anadolu news agency.

Anadolu reported that settlers had stormed into a Bedouin community where the activists were residing and then assaulted them. Three activists sustained moderate injuries, while one was critically wounded, the news agency said and added that their passports, phones, and belongings were also taken.

July 2025

Palestinian activist and English teacher Awdah Hathaleen, who contributed to the Oscar-winning documentary No Other Land, was shot and killed on July 28, 2025, in the occupied West Bank village of Umm al-Khair in the Masafer Yatta region.

The beloved 31-year-old activist and father of three fell to the ground as people rushed over to try to help him. Then an ambulance came out of the nearby illegal settlement of Carmel and took him away.

Footage published by Israeli human rights group B’Tselem appears to show the suspect Yinon Levi opening fire on Hathaleen during a confrontation in the village.

Despite the visual evidence and prior sanctions imposed on Levi by both the EU and the United States over past attacks on Palestinians, Israeli authorities released him to house arrest.

US President Donald Trump also removed the penalties against Levi and other settlers accused of extremist violence after assuming office in January 2025.

July 2024

Israeli settlers attacked a group of foreign volunteers helping Palestinian farmers in the occupied West Bank.

David Hummel, an American-German in the group, told the AFP news agency that eight mainly American volunteers were working with the farmers in an olive grove near the Palestinian village of Qusra when settlers attacked them.

“They started attacking and beating us all with sticks and metal pipes, and they were throwing rocks as well at us,” he said.

“I was attacked on my legs, on my arms and here on my jaw as well and it was … very violent,” he added.

The Israeli army condemned the violence and said its troops were deployed to the scene and had fired warning shots into the air, causing the Israeli settlers to flee the area.

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US ambassador urges Israel to prosecute attackers of American journalist | Occupied West Bank News

Trump-appointed Ambassador Mike Huckabee calls attack in occupied West Bank a ‘despicable act of terror’.

United States Ambassador to Israel Mike Huckabee has demanded Israel prosecute and jail those responsible for the attack on Washington Post journalist Heidi Levine in the occupied West Bank.

“Attacking a female photographer is a despicable act of terror carried out by masked cowards,” Huckabee wrote on X on Saturday.

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“Those who attacked unarmed reporter should spend YRS in prison,” he added. “We have called for a full investigation, arrest, and prosecution to the fullest extent of the law to whoever participated in this.”

Levine was covering Palestinians’ annual harvest of olives on Friday in the occupied West Bank when Israeli settlers brutally attacked her and several Palestinians.

Israeli settlers stormed the area, beat her and stole her passport, telephone, wallet and equipment, according to witnesses.

The perpetrators, armed with bottles and slingshots, “were kicking me for like 10 minutes, and I was trying to hold onto my cameras and my bag”, Levine said.

Jasper Nathaniel, an independent journalist who witnessed the attack, told Al Jazeera that Levine “was in very, very bad shape. She couldn’t really get up off the ground.”

American freelance photojournalist Heidi Levine lies on a gurney in the emergency room of the government hospital in the Israeli-occupied city of Ramallah, as she is treated after being attacked by Israeli settlers while photographing Palestinian farmers harvesting their olives, in the Palestinian village of Abu Falah on October 16, 2026.
American freelance photojournalist Heidi Levine lies on a gurney in the emergency room of the government hospital in Ramallah, a city in the Israeli-occupied West Bank, on October 16, 2026 [AFP]

Levine, 64, was taken to hospital after the assault in Abu Falah, northeast of Ramallah.

The American photojournalist underwent surgery on her finger, which was nearly detached from her hand, and was left with a broken rib and multiple broken vertebrae, as well as lacerations, her daughter told The Associated Press news agency.

Israeli Prime Minister Benjamin Netanyahu, who wants to shore up his pro-settlement right-wing base ahead of closely fought October 27 elections, claimed on Friday that Palestinians or “far-left” activists may have been responsible for the attack on Levine and other Palestinians.

Huckabee, a staunch ally of Israel who has sharply criticised Israeli settler attacks against Americans, did not identify the culprits as settlers after Netanyahu tried to sow doubt as to their identity.

The ambassador, appointed by US President Donald Trump, met Palestinian-Americans in the occupied West Bank town of Turmus Aya in September to hear locals’ testimony about their experiences with pogroms. In August, Huckabee called a days-long Israeli settler siege an “act of terror”.

The US State Department criticised Friday’s attack using a cautious tone on Levine’s beating, stating condemnation of “criminal violence by any party”.

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Child, four women among Palestinians injured in West Bank pogroms | Israel-Palestine conflict News

Several Palestinians have been injured by Israeli settlers, and farmers have been arrested by Israeli forces during Israeli pogroms across the occupied West Bank.

Four women and a child were among six people injured on Saturday when Israeli settlers attacked residents in Ma’in village in the Masafer Yatta area, south of Hebron, according to the Palestine Red Crescent Society (PRCS).

In the town of Deir Ammar, west of Ramallah, Israeli forces opened fire on farmers picking olives, forcing them to leave their land, according to the Palestinian news agency Wafa.

In the same area, Israeli settlers shot and injured two Palestinians. In the village of Tuqu, southeast of Bethlehem, Israeli forces fired on a Palestinian civilian vehicle.

‘Part of campaign’

In the village of Kafr Malek, northeast of Ramallah, settlers raided a farm at dawn and killed about 20 sheep, Mayor Najeh Rustum told Al Jazeera.

He added that Israeli forces had raided the village the previous night as well, firing tear gas canisters that ignited a fire in a house and caused material damage.

Al Jazeera’s Nour Odeh, reporting from Ramallah, said settlers destroyed olive trees across the Beit Furik plain, east of Nablus, in the northern West Bank while Israeli forces arrested landowners and olive pickers.

In the village of Deir Jarir, east of Ramallah, she said, settlers under army protection fired live ammunition at farmers in the al-Hariq area to prevent them from completing the harvest and forced them off their land. Settlers also smashed the vehicle of international activist Jonathan Budlak in the village and threw stones at a farmer’s vehicle.

An Israeli settler casts a stone towards Palestinians, next to a fire, amid clashes during Palestinians' olive harvest in Abu Falah near Ramallah in the occupied West Bank on October 16, 2026. [Ammar Awad/Reuters]
A settler throws a stone towards Palestinians in Abu Falah near Ramallah on October 16, 2026, during attacks carried out as Palestinians try to harvest olives [Ammar Awad/Reuters]

In the village of Burqa near Ramallah, Israeli forces and settlers prevented farmers from picking olives, Odeh said, adding that settlers attacked farmers in the Wadi al-Sha’er area, southeast of Salfit.

“What we see, whether it’s in Beit Furik, Kafr Malek, Deir Jarir or elsewhere in the occupied West Bank, is part of a campaign,” Odeh said.

She said settlers have become increasingly emboldened, publicly advertising attack campaigns on social media platforms.

“There have been 300 documented attacks since the beginning of October, and that has had a devastating impact on a very important season for Palestinian farmers,” she said, adding that danger comes from soldiers and settlers alike as military forces routinely intervene to protect settlers and attack Palestinians defending their land.

Prominent rabbi justifies attacks

The attacks follow a religious edict issued by Rabbi Dov Lior, a prominent rabbi for National Security Minister Itamar Ben-Gvir’s Jewish Power party and a leading authority among the Hilltop Youth, which is a religious Zionist group devoted to seizing Palestinian land in the West Bank.

In the edict, Lior stated that harvesting olives in the Holy Land is entirely permitted and carries an added virtue, given security dangers.

He wrote that Jews are permitted to harvest olives even in areas far from Jewish communities to publicly display ownership of the land and fulfil God’s commandment of conquering it. He claimed the land belongs to the Jewish people and Palestinians did not buy or rent it.

Odeh said Israeli Prime Minister Benjamin Netanyahu downplays pogroms and no concrete action is taken to stop them.

“It is a matter of debate among politicians, but no one is stopping these settlers, whose names, locations and homes are known,” she said, adding that politicians permit the violence to continue because “it is politically expedient” and secures votes before elections on October 27.

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China tells Israel to stop ‘forced establishment’ of West Bank settlements | Israel-Palestine conflict News

“The Palestinian question is the greatest historical injustice of this century,” China’s foreign minister said.

China’s Foreign Minister Wang Yi has told Israeli President Isaac Herzog during a meeting in Azerbaijan that Israel should stop and reverse its “forced establishment” of West Bank settlements, China’s foreign ministry said in a statement.

Wang told Herzog that China has consistently viewed the Palestinian question as the greatest historical injustice of this century, the ministry said in the statement on Friday.

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Wang emphasised that the “two-state solution” is the right path to a resolution and said the immediate priority is to fully open access to the Gaza Strip so a humanitarian “catastrophe” is not allowed to spread.

Wang added that China is willing to work with the international community to push all parties to return to dialogue as soon as possible and seek a political settlement.

Wang is attending the Seventh Summit of the Conference on Interaction and Confidence-Building Measures in Asia, held in Baku, Azerbaijan, as the special representative of President Xi Jinping, China’s state news agency Xinhua reported.

China urges new Middle East framework

In September, Chinese President Xi Jinping visited Cairo for the first time in a decade and called on Middle East countries to oppose external influence and consider reshaping the region’s security order.

Xi’s rare visit arrived as Beijing seeks to expand its influence in the region amid the US-Israel war on Iran.

The talks covered the US-Israel war on Iran, with both presidents urging “diplomatic solutions” to reach a “comprehensive agreement to end the war”, according to a statement from Egyptian President Abdel Fattah el-Sisi’s spokesperson.

In March, China criticised the US and Israeli attacks on Iran, with Beijing demanding an immediate halt to the joint attacks. Wang told his Israeli counterpart, Gideon Saar, that the attack on Iran came as negotiations between Washington and Tehran had “made significant progress, including addressing Israel’s security concerns”, China’s foreign ministry said in a statement following the start of the war.

China was Iran’s largest trading partner, buying up to 90 percent of its oil, according to the US-China Economic and Security Review Commission. In 2021, Beijing signed a 25-year “comprehensive strategic partnership agreement” with Tehran.

At the same time, Beijing has spent the past decade cultivating closer ties with Gulf countries, including Saudi Arabia, Qatar and the United Arab Emirates, and remains a top trade partner of both the US and Israel.

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After Bangkok Floods, IMF and World Bank Weigh Global Risks

IMF and World Bank’s annual meeting explores economic resilience amid climate risk, debt pressure, and AI.

While walking around central Bangkok, it’s easy to miss the damage that prompted IMF and World Bank officials at their annual meeting to consider postponing this week’s event. 

No evidence of the extreme flooding elsewhere in the city, which caused so much damage and loss of life just a week ago, is visible. Life goes on—scooters buzz and trucks barrel down the expressways and narrow streets where vendors hawk exotic foods and trinkets. Bangkok officials did an admirable job cleaning up to prepare for the arrival of some 15,000 attendees, and the area surrounding the convention center is as dry—and secure—as it’s probably ever been. 

Inside the meetings, though, the question was how much more disruption—climate-related or otherwise—the global economy can absorb, and who can afford to recover when the next shock arrives.

At Tuesday’s World Economic Outlook briefing, IMF Chief Economist Silvana Tenreyro described a world economy being pulled in two directions. Conflict in the Middle East has pushed energy prices higher, while investment in artificial intelligence has helped drive growth. The IMF outlook projects global growth of 3.1% this year, but that headline figure masks sharp differences among countries. Energy exporters and countries driving the AI boom are better positioned, she said, than those that must import fuel or have little stake in the massive technology surge.

“The economy has been resilient, but that resilience is reaching its limits,” Tenreyro said at the briefing.

The economy is holding up, in part, because countries and companies have navigated disruptions by rerouting supplies, drawing down inventories, improving efficiency, and finding alternatives. Without those adjustments, the IMF estimates global growth would be closer to 2.5%.

But these measures have limits. Inventories run down. Efficiency gains can only go so far. And another shock—whether geopolitical or climate-related—could arrive before economies have recovered from the last one.

G-24’s Climate and Debt Dilemmas

The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, or G-24, which represents emerging-market and developing economies, brought the issue closer to home. Nigeria’s finance minister and G-24 chair, Taiwo Oyedele, cited the flooding in Thailand to argue that climate commitments need to be backed by money, not just promises.

“Our appeal to world leaders is to put their money where their mouth is,” he said in a separate briefing shortly after WEO’s.

For businesses, resilience has a price. Holding extra inventory, diversifying suppliers, and keeping cash on hand can seem like unnecessary costs when markets are stable. But during a disruption, they can keep production moving and prevent higher costs from affecting the business.

Countries face a similar trade-off but lack the same resources. Developing economies need funding for infrastructure, climate preparedness, and basic services, even as debt payments consume a large share of public funds. Oyedele cited estimates that developing countries pay roughly $500 billion more in debt costs than developed economies. His broader point is clear: The countries that need to invest in resilience often face the highest financing costs.

Iyabo Masha, director and head of the Secretariat of the G-24, described the dilemma this way: “Debt is something that restrains growth.” When governments spend so much on creditors, she said, they have less left to invest in their economies.

The AI Factor

Another uncertainty in the IMF’s outlook is that AI investment may boost growth, but its benefits do not necessarily translate into jobs. Oyedele warned that countries with younger populations could see growth alongside rising unemployment if they do not plan carefully. Growth, he said, “has to be job rich; it has to be inclusive.”

That’s a broad definition of resilience—not simply keeping an economy growing, but ensuring people benefit and that governments retain the capacity to respond when circumstances change.

In Bangkok, the discussions have ranged from growth forecasts to debt and climate finance. But the underlying question is who can afford to prepare for the next disruption and who will be left to pay for recovery.

Central Bangkok shows little sign of the recent flooding, but that doesn’t mean the damage elsewhere was any less severe. The same holds for the global economy: A resilient growth forecast doesn’t mean every country is equally prepared for the next shock. The question is how much each can afford to absorb—and what it might have to give up to recover.

Paul Curcio is the editor of Global Finance Magazine. Contact him at paul.curcio@gfmag.com.

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US fines Bank of America $1.2bn for money laundering, sanctions violations | Banks News

The second-largest US bank faces record penalties for failing to comply with sanctions and money laundering laws.

The US Treasury Department has imposed more than $1.21 billion in penalties against Bank of America, the second-largest bank in the US, for violating anti-money laundering and sanctions laws.

The fines announced on Tuesday include the third-largest penalty in the department’s history, the US Treasury said in a statement.

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“When a bank of this size fails to meet its anti-money laundering and sanctions obligations, the consequences extend far beyond its own walls, exposing the entire US financial system to significant illicit finance risks,” US Treasury Secretary Scott Bessent said.

He added that these “actions send a clear message that even the biggest financial institutions are not above the law”.

Enforcement actions

According to the Treasury Department, the Financial Crimes Enforcement Network (FinCEN) assessed a $1.2 billion penalty over the bank’s failure to mitigate and report “priority national security risks, including Chinese Money Laundering Networks and illicit finance along the southwest border”.

The failures identified by FinCEN involved deficiencies related to the bank’s suspicious transaction identification and reporting and customer due diligence processes. According to the statement, “the Bank effectively outsourced to third parties a substantial portion of its proactive detection and reporting obligations”.

“Bank of America failed to timely report to FinCEN over $5 billion dollars in suspicious transactions”, the Treasury said in the statement.

The Office of the Comptroller of the Currency (OCC) assessed a $750 million fine, the largest in its history, for the bank’s deficient and ineffective anti-money laundering compliance programme. FinCEN’s $1.2 billion penalty includes credit for the OCC fine.

The Office of Foreign Assets Control (OFAC) also announced an $11.6 million settlement agreement over apparent violations of numerous sanctions programmes, including on Iran, Russia, narcotics and global terrorism.

Bank of America agreed to settle 475 apparent violations of multiple sanctions programmes, and the settlement includes “significant compliance commitments regarding training, testing and audit, and future communication and cooperation with OFAC”.

In the statement, the Treasury said the actions “underscore the importance of effectively complying” with US anti-money laundering and sanctions requirements.

In response, Bank of America said in a statement: “Financial crime compliance is serious, and we are responsible for getting it right.”

“We have invested billions of dollars in technology and dedicated thousands of employees to combat financial crime, and our team is far along with and committed to completing the work required to address the issues raised by our regulators.”

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Palestinians dream of returning home after Israel raids West Bank camps | Israel-Palestine conflict News

Ramallah, occupied West Bank – Every day, Fuad Abu Salam sips his morning coffee outside his rented home in the Thinnabeh suburb, gazing at every detail of the sprawling Tulkarem refugee camp in front of him. This West Bank camp he can see in the distance once housed a two-storey building comprising four apartments, each measuring 300 square metres (3,229sq feet), in which he and his extended family lived.

After he was displaced from the camp, he, his wife, his four children, and his mother were confined to a small, rented apartment no bigger than 100sq metres (1,076sq feet) in Thinnabeh. His home in Tulkarem was partially destroyed when he left the camp.

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Everything changed for Fuad and his family on January 21, 2025, when Israel launched a military assault in the occupied West Bank dubbed “Iron Wall”, initially targeting the Jenin refugee camp. A week later, the operation expanded to include the Tulkarem and Nur Shams camps in the city of Tulkarem.

Israeli forces forcibly displaced the entire populations of the three camps during January and February 2025 and continue to prevent their return, the United Nations has said.

Mass displacement

Data from UNRWA cited in a report titled, Destruction of Palestinian Refugee Camps in the Northern West Bank, stated that 33,362 Palestinians remain forcibly displaced from the three camps. By October 2025, 52 percent of structures in the Jenin camp, 48 percent in the Nur Shams camp, and 36 percent in the Tulkarem camp had been destroyed or damaged.

The Israeli operation has affected hundreds of homes, roads, and infrastructure, including water and electricity networks, while humanitarian aid to the camps has been cut off.

Israeli forces killed 102 Palestinians, including 21 children, during the period covered, according to the report. This represents 46 percent of the total number of Palestinians killed by Israeli forces in the West Bank during this period.

On Sunday, the Israeli Supreme Court ordered the government to provide a timeline for the return of displaced people to the three camps, setting November 23 as a deadline for a response.

Israel’s far-right Finance Minister Bezalel Smotrich rejected the ruling, warning that the return of residents could allow for the reconstruction of what he termed “terror infrastructure”. He called on the government not to implement the decision.

Meanwhile, Israeli Defence Minister Israel Katz opposed the court’s intervention, asserting that the army’s continued presence in the camps was a security decision and stating his intention to maintain a military presence there.

Fuad, 42, a greenhouse installer, found himself forced to flee with all the camp’s other residents and more than 40 family members. But he and his neighbours carried with them the hope of returning home.

They moved between the homes of relatives, enduring harsh living conditions, until he finally settled in the Thinnabeh suburb of Tulkarem.

Fuad Abu Salam sits with his children in his rented apartment overlooking the Tulkarm camp gazing at their destroyed home Photo by Raghad Salameh-1791892542
Fuad Abu Salam sits with his children in his rented apartment overlooking the Tulkarem camp, gazing at their destroyed home [Raghad Salameh/Al Jazeera]

The neighbourhood, which overlooks the camp, has “restored his spirit” because he can see his home even if it’s from afar. Although he is unable to reach the building, he can gaze at it and imagine a time when he can return.

“If a decision were issued right now allowing us to return, I would go back immediately without a moment’s hesitation,” he said.

But his home is no longer what it used to be. It was partially demolished and set on fire by Israeli soldiers, rendering more than 80 percent of the apartment block uninhabitable. Fuad plans to use the rubble to rebuild his home.

“I will never waver in my resolve to return, even if it means pitching a tent over the ruins and living there,” he declared.

Mohamad Ararawi, 18, from the Jenin refugee camp, also saw his home razed to the ground with a wide road replacing it.

He told Al Jazeera that his family of 40, who had lived in a five-story building in the al-Damaj neighbourhood, all fled the camp when the Israeli military operation began, seeking shelter in homes belonging to other relatives.

“My mother, father, five sisters, and I took refuge in my brother’s unfinished apartment. We endured harsh conditions, suffering through biting cold and scorching heat, before gradually completing the construction until it became somewhat habitable,” he added.

Returning is all that matters to them, and they refuse to live anywhere but the camp, even if it lacks basic amenities.

A near-impossible return

Returning the displaced back to their homes is not merely an issue of clearing roads for residents. Returning would mean living in a camp in which infrastructure has been damaged and hundreds of homes destroyed, all amid a lack of necessities.

Nihad Shawish, a member of the Nur Shams Camp Popular Services Committee, told Al Jazeera that the scale of destruction makes the residents’ return fraught with immense difficulties, despite their will to go back to their homes.

Approximately 400 homes, most of them three to four stories high, were destroyed, he said, while about 100 homes were burned down during the Israeli army’s presence in the camp.

Even the ones that survived are not necessarily habitable; they sustained severe damage affecting doors, windows, and interior facilities. The collapse of some buildings has also damaged neighbouring homes.

Approximately 10,900 camp residents remain displaced, including families staying in private homes and others at a school in the Thinnabeh suburb.

A photo of Tulkarm Camp taken from Fuad Abu Salam’s apartment which overlooks the camp; from there, he looks out at his destroyed home every day Photo by Raghad Salameh-1791892530
A photo of Tulkarem camp taken from Fuad Abu Salam’s apartment which overlooks the camp; from there, he looks out at his destroyed home every day [Raghad Salameh/Al Jazeera]

Faisal Salameh, an official with the Tulkarem Camp Popular Committee, told Al Jazeera that more than 2,000 housing units were completely destroyed, while approximately 90 per cent of the camp’s homes sustained partial damage, rendering them uninhabitable.

“Israel has turned the camp into an environment that drives residents away, given the widespread destruction and the ban on reconstruction in certain areas that have been converted into roads,” he noted.

Despite these conditions, Salameh said that displaced residents are eager to return to the camp as soon as a decision by the Israeli government permits them to.

The camp was home to approximately 15,000 people. The majority of the displaced currently live in rented homes or with relatives, while others have sought shelter in schools, mosques, or makeshift tin shacks.

Israeli rejection

While the Israeli Supreme Court’s ruling opens the door to discussing the return of displaced persons to camps in the northern West Bank, its rejection by Israeli government ministers raises questions about whether it will be implemented. Until then, the lives of the displaced families remain in limbo.

Mohamad Halaseh, an expert on Israeli affairs, told Al Jazeera that the Israeli right-wing isn’t just trying to alter the structure of the judicial system, but also seeking to undermine its legitimacy and exert pressure on judges.

He explained that the effect of political stances is evident in the disregard for Supreme Court rulings. He cites the issue of Palestinian prisoner visitations, a case in which the state failed to comply with the court’s decisions, as one example of this.

“The continued disregard for court rulings undermines the judiciary’s ability to compel the government to act when judicial decisions conflict with the stance of the political leadership,” he said.

Several precedents make the implementation of court rulings on the camps unlikely, he said. This is particularly distressing for residents who also face strong Israeli political opposition to the return of Palestinians to the three camps.

“Declared political stances set a limit on the extent to which executive institutions comply with judicial rulings,” he said.

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Israel’s military raids NGO offices in Ramallah | Occupied West Bank

Al Jazeera’s Nida Ibrahim reports from Ramallah in the occupied West Bank where Israeli forces raided several NGOs, including the Union of Palestinian Women’s Committees and a prison support and human rights association. They also stormed the courtyard of a government hospital.

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War and high debt to dominate IMF-World Bank meetings in Bangkok | Business and Economy News

Finance officials from around the world will gather in Bangkok this week under the shadow of a widening war in the Middle East, the biggest-ever energy supply shock and rising interest rates that together pose daunting risks to already-sluggish global economic growth.

The US-Israel war on Iran, now in its eighth month, and its inflationary impact are slated to dominate the agenda and sideline conversations during the annual meetings of the International Monetary Fund (IMF) and World Bank, held outside Washington for the first time in three years.

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IMF Managing Director Kristalina Georgieva told Reuters News Agency that 18,000 people were registered to attend the meetings, 4,000 more than the last off-site meetings held in Morocco in October 2023.

Notably absent will be United States Treasury Secretary Scott Bessent, who dispatched two senior officials in his stead while he handles some “domestic engagements”, a US official said. Federal Reserve Board Chairman Kevin Warsh will attend and is slated to participate in a public event with Georgieva on October 16.

Several other finance ministers were also staying home due to domestic budget and election duties, but most central bankers would attend, Georgieva said.

Bessent’s decision to skip the high-profile gathering and a meeting of the Group of 20 (G20) major economies, which the US leads this year, may frustrate counterparts amid rising tensions over the Iran war, Ukraine’s battle against Russia’s invasion, and the US move to impose sanctions on the International Criminal Court.

Fossil energy reserve release

The Group of Seven (G7) countries have agreed to release 100 million barrels of diesel and crude oil from emergency reserves under pressure from US President Donald Trump, who is keen to see lower petrol prices before November elections that could see his Republican Party lose control of Congress.

Trump on Friday announced a deal with Russia that would provide even more diesel to global markets and a temporary waiver of US sanctions designed to deprive Moscow of revenues for its ‌‌war on Ukraine. The move drew swift criticism from Ukrainian President Volodymyr Zelenskyy.

More than one billion barrels of oil have been released, mainly from onshore commercial inventories, since the start of the war on February 28. But industry executives say the amount of oil in storage that is accessible to the global market is running low, making the market more fragile and fuelling pressure on prices.

The IMF has signalled little change in its forecast for three percent global growth in 2026, and may edge its forecast for next year slightly higher. But some countries will see downgrades, including Ukraine, now in its fifth year of war against Russia’s invasion, and Gulf countries hit by Iranian strikes and sharply reduced energy exports.

IMF research released on Tuesday showed that sharp spikes in food and energy prices are an increasingly common source of crises that drive inflation expectations higher for longer, worsen poverty and threaten economic stability.

One headache for policymakers is the growing public debt burden that is sapping growth and adding inflationary pressures. The IMF says public debt is at the highest level since World War II and will exceed 100 percent of gross domestic product (GDP) before 2030.

Advanced economies, led by the US, have the highest debt-to-GDP ratios, but emerging markets and low-income countries are particularly vulnerable, given a perfect storm of challenges: capital outflows in search of higher US rates, weather extremes triggered by the El Nino climate phenomenon, and a lack of investment in artificial intelligence (AI), which has mitigated negative supply shocks in the US and other rich countries.

Developing countries are particularly vulnerable given high public debt levels that will have to be renegotiated at higher interest rates. Together, they face $400bn in debt payments to external creditors in 2026, and interest payments already exceed 10 percent of revenue on average.

Many lower-income countries are worried about new IMF recommendations for loan programmes that call for fewer but deeper reforms as a condition for approving lending, a change that many fear will lead to painful austerity measures.

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