France · U.S. Treasury · Tether · CryptoSlate
US broadens Hamas sanctions after tracing crypto transfers from France
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The US sanctioned two French charities and three individuals after alleging they helped channel cryptocurrency and other funds to Hamas.
Key facts
- The agency did not say that the entire $2 million was transferred using digital assets, distinguishing that broader fundraising figure from the cryptocurrency transactions it specifically attributed
- A US-regulated crypto company that identifies assets belonging to a blocked person must deny access to them and report the property to the agency within 10 business days
- That requirement also reaches companies owned 50% or more, directly or indirectly, by one or more blocked persons, meaning compliance teams may need to identify entities beyond the five names
- The US sanctioned two French charities and three individuals after alleging they helped channel cryptocurrency and other funds to Hamas
Summary
01 OFAC sanctioned two France-based charities and three individuals on October 2 over alleged Hamas financing. 02 Crypto firms within US jurisdiction face blocking obligations and transaction restrictions, subject to applicable licenses and exemptions. 03 Treasury alleges hundreds of thousands in crypto transfers, separately from its broader network fundraising total. The Treasury Department’s Office of Foreign Assets Control (OFAC) added Association Baraka, Ensemble C Mieux, Faouzi Barika, Amel Oualid and Saleem Abdallah Saleem al-Zaq to its sanctions list on Oct. 2, expanding the roster of counterparties that crypto exchanges and payment firms subject to US rules must screen.