US, UK, Australia Impose Sanctions on Hamas Financial Networks, Target Cryptocurrency Funding

January 22, 2024
US, UK, Australia Impose Sanctions on Hamas Financial Networks, Target Cryptocurrency Funding
  • The US, UK, and Australia have imposed sanctions on entities linked to Hamas.

  • The sanctions aim to disrupt financial networks supporting Hamas and affiliated groups like the Palestinian Islamic Jihad.

  • The sanctions specifically target those using cryptocurrency for funding terrorism.

  • Additional sanctions have been imposed on Iraq's Fly Baghdad airline and its CEO for assisting Iran's military.

  • These actions follow recent attacks on Israel by Hamas.

  • The sanctions target financial facilitators who helped move cryptocurrency funds to Hamas.

  • The European Union has also imposed sanctions on individuals accused of financing Hamas.

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