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Fifth round of U.S. sanctions on Hamas targets financial networks and facilitators of virtual currency transfers

UK and Australia also placing sanctions on Hamas officials and facilitators

January 22, 2024

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today imposed a fifth round of sanctions on Hamas targeting networks of Hamas-affiliated financial exchanges in Gaza, and particularly financial facilitators that have played key roles in funds transfers, including cryptocurrency transfers.

Read the Treasury release (January 22, 2024)

The UK and Australia are also placing sanctions on Hamas officials and facilitators concurrent with OFAC’s designations.

For more information, contact a professional with KPMG’s Trade & Customs services:

Doug Zuvich
Partner and Global Practice Leader
E: dzuvich@kpmg.com
John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com
Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com
Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com
Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com
Irina Vaysfeld
Principal
E: ivaysfeld@kpmg.com
Amie Ahanchian
Principal
E: aahanchian@kpmg.com
Christopher Young
Principal
E: christopheryoung@kpmg.com
Gisele Belotto
Principal
E: gbelotto@kpmg.com
George Zaharatos
Principal
E: gzaharatos@kpmg.com
Andy Doornaert
Managing Director
E: adoornaert@kpmg.com
Jessica Libby
Principal
E: jlibby@kpmg.com
John Anderson
Managing Director
E: johneanderson@kpmg.com
Jenna Leigh Glass
Managing Director
E: jennaleighglass@kpmg.com

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