The US Treasury Department hits Hamas with new sanctions to target terror financing after the Oct. 7 attacks on Israel.
The United States Treasury Department announced a new round of sanctions targeting Hamas' fundraising network Friday, the department's second attempt to block Hamas' money supply since the Oct. 7 terrorist attacks that killed 1,400 Israelis and saw another 200 Israelis taken hostage.
"While Hamas itself has been under sanctions for decades, we must go after new, emerging shell companies, middlemen, and facilitators," he said.Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline "Our expectation is that financial institutions and digital asset companies and others in the virtual currency ecosystem will take steps to prevent terrorists from being able to access resources," he said."If they do not act to prevent illicit financial flows, the United States and our partners will."
But with Gaza under near constant air strikes since Oct. 7, hundreds of thousands of civilians displaced and commerce at standstill, there wasn't much money left for Hamas to access.Following his speech in London, Adeyemo is headed to Brussels to meet with EU officials and continue the work of dismantling Hamas' financing networks.
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