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

UK and Australia also placing sanctions on Hamas officials and facilitators

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.

Background

For more information on prior sanctions, read TradeNewsFlash:


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

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