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Tel Aviv University
[TAU, Cohn Institute] Merav Amir exposes banks knowingly financing Israeli occupation and criminal activities

Merav Amir is the founder of WhoProfits.org. Forbackground on this organization see below.

Merav Amir will be among the lecturers at the Open University in Raanana, on the 1st of November 2010. Her talk is at the second panel which starts at 6:30 pm,"What is the Political of the Politics of Academic Knowledge".

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http://www.pslweb.org/site/News2/1398702898?page=NewsArticle&id=14657&news_iv_ctrl=1261

The Party for Socialism and Liberation

Report exposes banks knowingly financing Israeli occupation

In brief

According to a recent report by the Who Profits research project, Israeli banks have full knowledge of the criminal activities they are financing.

The report mentions six categories of support given by Israeli banks to illegal activities in the occupied territories. The banks provide special loans to people establishing illegal settlements, mortgage loans to home buyers in settlements, and services to businesses operating in the settlements. They also establish branches in the settlements, provide support to Israeli authorities there, and benefit from access to the captive Palestinian monetary market.

The Coalition of Women for Peace, an Israeli feminist group, formed the Who Profits project to document and expose Israeli and international corporate involvement in the occupations of Palestine and the Syrian Golan Heights.

Israeli banks are principal beneficiaries of financial activities in the illegal Israeli settlements and of Israeli control over the Palestinian monetary market," said Who Profits Research Coordinator Merav Amir.

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-Press Release-

18.10.10

New Israeli Report: Israeli Banks are Principal Beneficiaries of the Illegal Settlements

According to a new report by Who Profits, a research project that exposes Israeli and international corporate involvement in the occupation: "The banks are well aware of the activities carried out with their financial assistance."

A report published today by Who Profits exposes the financial support provided by Israeli banks to illegal Israeli settlements and the direct involvement of Israeli banks in control over the Palestinian banking market. The report, "Financing the Occupation, investigated the involvement of Israeli banks in the economy of occupation: "Israeli banks provide the financial infrastructure for all activities of companies, governmental agencies and individuals in the continuing occupation of Palestine and the Syrian Golan Heights. The services provided by the banks support and sustain these activities," according to the report.

Merav Amir, Who Profits Research Coordinator, said today: "Our research provides evidence that the banks are well aware of the types and whereabouts of the activity that is being carried out with their financial assistance, and exposes the ways in which they are supporting illegitimate activities that violate international law".

Who Profits from the Occupation is a research project initiated by the Coalition of Women for Peace, an Israeli feminist peace organization. This project is dedicated to exposing the ongoing Israeli and international commercial involvement in the sustainability of the Israeli occupation of Palestinian and Syrian land.

The new report identifies six categories of involvement of Israeli banks in the occupation: Providing mortgage loans for home-buyers in settlements, providing special loans for building projects in settlements, providing financial services to Israeli local authorities in the West Bank and the Golan Heights, operating branches in Israeli settlements, providing financial services to businesses in settlements and benefiting from access to the Palestinian monetary market as a captive market.

Merav Amir: In a more general perspective, it can be said that any and all aspects of Israeli control over the Occupied Territories have a financial foundation, and that none of the financial activities of individuals, organizations, governmental institutions and commercial companies could take place without the active support of Israeli banks. The findings of our research show that as the providers of these services, Israeli banks are principal beneficiaries of financial activities in the illegal Israeli settlements and of Israeli control over the Palestinian monetary market."

The Report (http://www.whoprofits.org/articlefiles/WhoProfits-IsraeliBanks2010.pdf)

For further details:

Merav Amir, Who Profits Research Coordinator:

meramir@gmail.com, +972-(0)-50-8575728

Reem Hazzan, CWP Media Coordinator:

reem.hz@gmail.com, +972-(0)-50-8575777

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Background on WhoProfits.org:

Taken from Rachel Giora's article "Milestones in the history of the Israeli BDS movement a brief chronology"

http://www.israeli-occupation.org/2010-04-23/rachel-giora-milestones-in-the-history-of-the-israeli-bds-movement-a-brief-chronology/

In November 2009, The Coalition of Women for Peace passed a motion to join the BDS movement in Israel. Its the first such endorsement by a major Israeli organization, representing thousands of activists. This initiative has been preceded by a three year long project it had run (initiated in November 2006), titled Who Profits: Exposing the Israeli Occupation Industry, coordinated by Dr. Dalit Baum, Merav Amir and other members of the Coalition. Who Profits aims to expose Israeli and internationalcorporations which are involvedin the construction of Israeli coloniesand infrastructure in the occupied territories, in the settlements economy, in building walls and checkpoints, andin the supply ofspecific equipment used in the control and repression of the civilian population under occupation. The question Who Profits investigates is not the traditional complaint about the costs incurred by the occupation but the extent to which those involved in it benefit: Who profits from Control of Population, Economic Exploitation, and The Settlement Industry. The Who Profits data base has become a mainstay of the international BDS movement, providing much of the research and information that is vital for worldwide economic activism against companies and corporations benefitting directly from Israels occupation.

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