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US sanctions international network laundering funds for Hamas

In a move aimed at cutting off the militant group’s sources of revenue, the Treasury Department designated a Hamas official, three financial facilitators and six companies.
al-Qassam Brigades

The Biden administration sanctioned on Tuesday what it described as a network of Hamas financial facilitators and companies across the Middle East that generate revenue for the Gaza-based militant group through a secret investment portfolio. 

The Treasury Department’s Office of Foreign Assets Control said the expansive network is overseen by Hamas’ Investment Office, which holds more than $500 million worth of assets and operates companies in Sudan, Turkey, Saudi Arabia, Algeria and the United Arab Emirates. 

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