US Targets Major Hamas Financing Network With Sanctions

The Department of the Treasury, through OFAC, has sanctioned individuals and entities involved in a financial network that transferred over $2 million to Hamas. This network utilized cryptocurrencies and sham charities to fund the terrorist outfit. Treasury Secretary Scott Bessent emphasized the department’s commitment to isolating those who provide financial support to Hamas.

• 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.