Hamas’s Financial Obfuscation Techniques
On October 18, 2023, the US Department of the Treasury’s Office of Foreign Assets Control imposed sanctions on ten key Hamas terrorist group members, operatives, and financial facilitators. These sanctions add to the already extensive list of Hamas-affiliated individuals and entities that the US has designated throughout the years. Sanctions and other measures are necessary to help counter the intricate financial network that Hamas has built to hide its money.
In October, we investigated how Hamas raises, uses, stores, and moves its money. As the next installment of this series, we’ll highlight some of the techniques that Hamas uses to conceal its financial activities.