The United States Treasury Department has announced sanctions against Sudanese businessman Abdul Basit Hamza for his ties to the financial network associated with the Palestinian Hamas movement.
The administration of President Joe Biden imposed sanctions on Wednesday aimed at disrupting the sources of funding for the Palestinian Islamic resistance movement, Hamas.
The sanctions targeted a “secret investment portfolio of Hamas,” a financial intermediary with ties to Iran, and a virtual currency exchange based in Gaza, among others.
In a statement, the US Treasury Department noted that the sanctions, imposed under an executive order related to terrorism, targeted nine individuals and one entity located in Gaza and other locations, including Sudan, Turkey, Algeria, and Qatar.
The move comes as part of the US government’s efforts to disrupt the financial support networks of organizations and individuals associated with terrorism.
The sanctions are intended to prevent these entities from accessing the international financial system and conducting transactions that could further fund illicit activities.
