US issues sanctions against Hamas financing network, Treasury says
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Hamas militants stand at a site as Hamas says it continues to search for the body of the last deceased hostage, in Gaza City December 8, 2025. REUTERS/Dawoud Abu Alkas
WASHINGTON, Oct 2 (Reuters) - The United States issued additional sanctions on Friday targeting Hamas' financial network, including targeting a member of the Palestinian militant group's military wing, two France-based fundraisers and two entities, the Treasury Department said.
"These designations expose a sophisticated, multi‑year financing architecture that moved more than $2 million to Hamas through deceptive charitable fronts and cryptocurrency channels, demonstrating the organization’s persistent ability to adapt its fundraising mechanisms to evade detection," Treasury said in a statement.
The Hamas member, Saleem Abdallah Saleem al-Zaq, is a battalion deputy in the Hamas military wing based in Gaza, Treasury said. He oversees a financial network that has used various money services businesses and cryptocurrency wallets to transfer significant funds to the Hamas Al-Qassam Brigades, it added.
(Reporting by Doina Chiacu; Editing by Caitlin Webber)
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