US issues sanctions against Hamas financing network

The United States issued additional sanctions on Friday ​targeting Hamas' financial network, according to Reuters, cited by Report.

The sanctions also target a member of the Palestinian militant group's military wing, two ​France-based fundraisers and two ​entities, the Treasury Department said.

"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," ‌Treasury ⁠said in a statement.

The Hamas member, Saleem Abdallah Saleem al-Zaq, is a battalion deputy ​in the ​Hamas ⁠military wing based in Gaza, Treasury said. He ​oversees a financial network ​that ⁠has used various money services businesses and cryptocurrency wallets to ⁠transfer ​significant funds to ​the Hamas Al-Qassam Brigades, it added.