U.S. Treasury Hits Hamas and Muslim Brotherhood Networks

The U.S. Treasury Department has imposed new sanctions targeting financial networks linked to Hamas and the Muslim Brotherhood, aiming to escalate efforts to combat terror financing. The sanctions include a prominent figure associated with the Egyptian Muslim Brotherhood based in the United Kingdom, along with three charitable organizations and companies, including a Turkish firm. The department alleges that these entities used informal networks and charities to transfer funds directed to Hamas's military wing, including transactions via cryptocurrencies and illegal financial services. The sanctions freeze all assets and properties belonging to the designated individuals and entities, and prohibit Americans from conducting dealings with them. Foreign financial institutions are also warned of secondary sanctions if they facilitate related transactions. These measures seek to weaken the funding supporting Hamas and terrorist groups, continuing the U.S. government's efforts to pursue terror financiers.

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