The US Treasury Department targets additional assets in Hamas’ investment portfolio and individuals aiding sanctions evasion for Hamas-affiliated companies.
Hamas militants mark the 31st anniversary of Hamas’ founding in Gaza City. (Photo: Reuters)
The US issued a second round of sanctions targeting the Palestinian militant group Hamas in response to their recent attack on Israel. These sanctions include a Hamas official in Iran and members of Iran’s Islamic Revolutionary Guard Corps. The sanctions focus on freezing assets in Hamas’ investment portfolio and individuals aiding sanctions evasion for Hamas-affiliated companies.
The US Treasury Department stated that they aim to disrupt Hamas’s financial activities and funding sources to prevent terrorist attacks and prevent the exploitation of the international financial system. Some firms in the digital asset space were also mentioned as not doing enough to prevent illicit finance.
In the context of the recent violence in the Gaza Strip, Israel carried out airstrikes following an attack by Hamas on October 7, and there have been reported casualties, although Reuters could not independently verify the tolls. The US has taken action against individuals and entities associated with Hamas and Iran’s Revolutionary Guard Corps in an effort to counter their activities in the region.