October 02, 2026

US targets Hamas financing network with new sanctions, Treasury says

The sanctions target a Hamas military wing member, two France-based fundraisers and two entities

US targets Hamas financing network with new sanctions, Treasury says
Houthi military spokesman Yahya Saree gestures as he delivers a statement during a demonstration in solidarity with the Palestinians in the Gaza Strip, as Israel kept up strikes on the enclave following the announcement of a ceasefire deal between Israel and Hamas that is expected to take effect on Sunday, in Sanaa, Yemen Jan 17, 2025. REUTERS/Khaled Abdullah

Reuters

Published : 02 Oct 2026, 09:38 PM

Updated : 02 Oct 2026, 09:38 PM

The United States issued additional sanctions on Friday targeting Hamas' financial network, including 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 organisation'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 group's 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.

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