US Treasury targets $2 million Hamas financing network using charities and cryptocurrency

On October 2, the US Treasury’s Office of Foreign Assets Control designated a member of Hamas’s military wing, two France-based individuals and two affiliated entities that Treasury said moved more than $2 million through deceptive charitable fronts and cryptocurrency channels. The allegations and transaction figure are Treasury’s findings, not an independently adjudicated record. Banks, charities, payment providers and digital-asset businesses should review exposure not only to the named parties but also to associated wallets, intermediaries, controlled entities and donation flows. The case reinforces that humanitarian-purpose representations do not replace source-of-funds, destination and governance checks where sanctioned groups may exploit nonprofit structures.