Wire · regulatory
Treasury Sanctions Hamas Financing Network That Moved $2M Through Crypto
◆ Sectors
Fintech
◆ Geography
United States
◆ Source
◆ Verified
Fusion42 · 3 October 2026 · Fusion42 review
The U.S. Treasury sanctioned a Hamas financing network that moved over $2 million through sham charities and cryptocurrency wallets between 2020 and 2026, freezing U.S. assets and threatening secondary sanctions on foreign banks under Executive Order 13224.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You must tighten compliance on crypto transactions as U.S. sanctions now target sophisticated terrorist money networks using digital currency. Banks and fintech firms enabling crypto must act fast to avoid secondary sanctions and loss of market access.
◆ Coverage
1 source · 3 Oct 2026
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◆ Topics
Fintechsanctionscrypto-financingterrorism-financeOFACAML