The US Treasury Department hits Hamas with new sanctions to target terror financing after the Oct. 7 attacks on Israel.
The United States Treasury Department announced a new round of sanctions targeting Hamas' fundraising network Friday, the department's second attempt to block Hamas' money supply since the Oct. 7 terrorist attacks that killed 1,400 Israelis and saw another 200 Israelis taken hostage.
Deputy Treasury Secretary Wally Adeyemo was in London on Friday, where he laid out steps the United States and its partners are taking increase the financial pressure on Hamas. In addition to international cooperation, Adeyemo also emphasized the role of banks and cryptocurrency platforms in the overall sanctions campaign.
The charity, "serves as a recruiting tool for terrorist activities," Treasury said in its sanctions announcement."Don't expect this to be Treasury's last action," Matt Levitt, a former intelligence analyst at Treasury, told CNBC in an interview Friday. One question for officials like Adeyemo and Nelson in the coming weeks will be how far the United States is willing to go to unilaterally to target Hamas financing.
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