US Targets Major Hamas Financing Network With Sanctions
The network had collected funds under the cover of humanitarian purposes, but the funds were being funneled to Hamas.
TL;DR
- The U.S. Department of the Treasury has sanctioned a financial network funding Hamas.
- OFAC sanctioned one individual from Hamas's military wing, two from France, and two affiliated entities.
- The network transferred over $2 million to Hamas through cryptocurrencies and sham charities.
- Treasury Secretary Scott Bessent stated the department will continue to target financial facilitators of terrorist organizations.