The US Treasury has placed sanctions on six members of the terrorist group managing assets in a secret investment portfolio, and acted against two senior officials.
| US authorities have imposed sanctions on 10 Hamas-linked individuals and entities in an effort to crack down on sources of funding supporting the Palestinian militant group amid the escalating conflict with Israel.
Janet Yellen: “The United States is taking swift and decisive action to target Hamas’ financiers and facilitators following its brutal and unconscionable massacre of Israeli civilians, including children.”The department also imposed sanctions on Buy Cash, a Gaza-based virtual currency exchange, as well as its operator. The platform, which could not be reached for comment, offers money transfer and crypto services including bitcoin.
“That includes by imposing sanctions and co-ordinating with allies and partners to track, freeze, and seize any Hamas-related assets in their jurisdictions,” Yellen said.While Hamas receives significant financial support from Iran, it also generates revenue via a secret investment portfolio involving assets across jurisdictions including Sudan, Turkey and the United Arab Emirates that are estimated to be worth hundreds of millions of dollars, said Wally Adeyemo, deputy Treasury secretary.
Mr Adeyemo said steps to disrupt terrorist financing could be taken “while continuing to have legitimate humanitarian assistance flow to the region”.US Secretary of State Antony Blinken said Wednesday’s sanctions were directed at Hamas and its support network, not Palestinians.
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