Israel strikes headquarters in Gaza of Hamas' bank set up to sidestep international sanctions

Karin Laub, The Associated Press

Israeli aircraft have battered the headquarters of the Gaza Strip bank the territory's Hamas rulers set up to sidestep international sanctions.

Tuesday's strike on the Islamic National Bank in Gaza City is part of a widening Israeli onslaught against the militants and their rocket squads targeting Israel. The offensive is now in its seventh day.

The inside of the bank was destroyed, and a building supply business in the basement was damaged.

The bank's 31-year-old owner, Suleiman Tawil, denounced the strike, saying he is not "involved in politics."

Hamas set up the bank after foreign lenders, afraid of running afoul of international terror financing laws, stopped doing business with the militant-led Gaza government.

The U.S., Israel and others in the West consider Hamas a terror group.