Today, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned several individuals and entities connected to Hamas.

US authorities took this step to undermine Hamas’s sources of revenue. Especially in regions spanning from West Bank and Gaza to Sudan, Turkey, Algeria, and Qatar.

US Treasury Sanctions Crypto Exchange Linked to Hamas

The OFAC’s sanctions specifically targeted those managing Hamas’s clandestine investment portfolio. The list includes Musa Muhammad Salim Dudin, a representative of Hamas’s Political Bureau and Investment Office, and Abdelbasit Hamza Elhassan Mohamed Khair, a Sudan-based Hamas financier with a history of multi-million dollar transactions favoring the terror outfit.

Another four operatives, Amer Kamal Sharif Alshawa, Ahmed Sadu Jahleb, Aiman Ahmad Al-Duwaik, and Walid Mohammed Mustafa Jadallah, were also designated for their crucial roles within Hamas’s investment network in Turkey and Algeria. Moreover, a Qatar-based Hamas affiliate with close Iranian connections, Muhammad Ahmad ‘Abd Al-Dayim Nasrallah, and Ayman Nofal, a central figure in Hamas’s military operations, were also targeted.

A significant development includes a Gaza-based crypto exchange. Indeed, “Buy Cash Money and Money Transfer Company” (Buy Cash) and its chief operator, Ahmed M. M. Alaqad, also faced sanctions. The move underscores the Treasury’s efforts in tracking crypto linked to terror activities.

Read more: Why US Anti-Crypto Bill Could Pass Amid Israel-Hamas Conflict

Under the sanctions, the US froze assets that belong to the designated individuals or entities under its jurisdiction. It also prohibits US individuals from engaging in transactions with them. Additionally, companies and individuals that continue to associate with these sanctioned entities might find themselves at risk of US sanctions.

Secretary of the Treasury, Janet L. Yell

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Author: Bary Rahma

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