Bulk cash smuggling of US Dollars into Hamas in Gaza can take unusual forms. We are familiar with the use of Palestinian diplomats engaging in the practice, when Egypt allows its border with Gaza to be open, though most of the bulk cash smuggling to the sanctioned terrorist organization occurred through the illegal tunnels that run underneath the frontier. Most of those tunnels are now destroyed, thanks to the Egyptian Army's flooding and bulldozing actions.
New information has now surfaced; the Turkish vessel, Mavi Marmara, which attempted to run the blockade imposed by Israel, to deter the illegal importation of arms, ammunition and explosives, intended for Hamas, was found to have more than $1m on board. That much currency simply cannot be obtained from a Turkish financial institution, without government approval, at a senior level. Therefore, the Government of Turkey, which presently provides a field headquarters for Hamas agents, and allows them to plot, and execute terror attacks from a safe haven, is obviously implicated in the bulk cash smuggling.
If you were looking for yet an additional reason to raise Country Risk on Turkey, here it is.