Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
Dismiss
This content is for our paying subscribers only

World Americas

Third round of US sanctions against Hamas focuses on money transfers from Iran to Gaza

Sanctions aimed at protecting international financial system from abuse by militants



United States' Secretary of Treasury, Janet Yellen addresses the media during a news conference on the second day of the second meeting of the G20 Finance and Central Bank Deputies under India’s G20 Presidency in Bengaluru on February 23, 2023.
Image Credit: AFP

Washington: The United States on Tuesday said it imposed a third round of sanctions on a group of Hamas officials, members of the Palestinian Islamic Jihad who work to transfer money from Iran to Gaza, and a Lebanese money exchange service that facilitates the transfers.

The Treasury Department sanctions, coordinated with the United Kingdom, come in response to the surprise Oct. 7 attack by Hamas on Israel that left roughly 1,200 people dead or kidnapped. The sanctions block access to US property and bank accounts and prevent the targeted people and companies from doing business with Americans.

This and two previous rounds of sanctions against Hamas and its affiliates are aimed at protecting the international financial system from abuse by Hamas militants and their enablers, the Treasury Department said.

The State Department also is designating a Palestinian Islamic Jihad military leader for diplomatic sanctions.

Treasury Secretary Janet Yellen said in an emailed statement that “together with our partners we are decisively moving to degrade Hamas’s financial infrastructure, cut them off from outside funding, and block the new funding channels they seek to finance their heinous acts.”

Advertisement

The White House has said it has yet to uncover information that Iran, the principal financial and military sponsor of Hamas, was directly involved in the multipronged Hamas operation against Israel.

However, the US has conducted three strikes over the last two weeks against Iranian-tied weapons depots in Syria to retaliate for the more than 50 rocket and drone attacks that militant groups have launched since Oct. 7 against US bases in Iraq and Syria, which have caused dozens of minor injuries among US personnel.

President Joe Biden and other officials in his Democratic administration have travelled to the Middle East to show support for Israel and have tried to tamp down tensions in the escalating war between Israel and Hamas. But those efforts have faced massive setbacks.

Advertisement