The Department of the Treasury has taken action toward dismantling a financial network providing critical funding to the Hamas terrorist outfit.
The Treasury’s Office of Foreign Assets Control (OFAC) sanctioned an individual from Hamas’s military wing, together with two people from France and two affiliated entities, according to an Oct. 2 Treasury statement. The network had transferred over $2 million to Hamas over multiple years through cryptocurrencies and sham charities.
“Terrorist organizations like Hamas rely on sophisticated financial facilitators and fraudulent schemes designed to exploit the public to sustain their operations,” Treasury Secretary Scott Bessent said in the statement.
“Treasury will continue to identify, isolate, and impose consequences on those who provide Hamas with the financial lifelines it needs to survive.”…