WASHINGTON, Oct. 2 -- The U.S. Department of the Treasury issued the following news release:
Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) designated a member of Hamas's military wing, along with two France-based individuals and two affiliated entities that provide critical financing to Hamas. These designations expose a sophisticated, multi-year financing architecture that moved more than $2 million to Hamas through deceptive charitable fronts and cryptocurrency channels, demonstrating the organization's persistent ability to adapt its fundraising mechanisms to evade detection.
"Terrorist organizations like Hamas rely on sophisticated financial facilitators and fraudulent schemes designed to exploit the ...