Crypto Sanctions Imposed By These 3 Countries In Joint Effort Against Hamas-Linked Networks
Summary
The US Treasury's OFAC has imposed sanctions on crypto networks linked to Hamas, targeting financial exchanges and facilitators involved in transferring funds, including through cryptocurrencies, from Iran to Hamas and Palestinian Islamic Jihad in Gaza. The UK and Australia have also imposed sanctions on key Hamas officials and facilitators. Tether froze 32 crypto wallet addresses linked to "terrorism and warfare" activities in Ukraine and Israel. The Shamlakh and Herzallah networks have been implicated in facilitating fund transfers for Hamas. Sanctions block property and interests of designated individuals and entities within US jurisdiction, with potential sanctions risk for non-US financial institutions and entities engaging with them.
