US Sanctions Hamas Financing Network Linked to Charitable Fronts and Cryptocurrency Channels
The US Department of the Treasury has imposed sanctions on a member of Hamas's military wing and two France-based individuals for their involvement in a multi-year financing network that moved over USD 2 million to Hamas through charitable fronts and cryptocurrency channels.
The Treasury Department's Office of Foreign Assets Control (OFAC) announced the designations, saying they exposed a sophisticated financial architecture used by Hamas to raise and transfer funds.
US Treasury Secretary Scott Bessent said terrorist organisations like Hamas rely on fraudulent schemes designed to exploit the public to sustain their operations. He added that the US will continue to identify, isolate, and impose consequences on those who provide Hamas with financial lifelines.
The action was part of a broader operation led by the Federal Bureau of Investigation (FBI) to dismantle several Hamas fundraising ventures, including those active inside the US. The Treasury Department said it worked with local law enforcement partners, including the New York Police Department, to expose and disrupt Hamas's exploitation of the charitable sector.