Hamas Uses Global Network to Bypass Sanctions and Fund Attacks While Israel Tries to Cut Off Financing
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Hamas uses a global network of charities, friendly nations, crypto, and cash to bypass sanctions and restrictions. Funds come from taxes, Iran, Qatar, charities, Palestinians, etc.
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Israel has frozen bank accounts and crypto accounts linked to Hamas fundraising in response to recent attacks. Hamas previously embraced crypto but moved away after losses.
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Allies like Iran and Qatar have found ways to funnel hundreds of millions to Hamas, through shell companies, shipping, precious metals, electronic transfers, and even cash hand-delivered across the Gaza border.
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Israel and the UN coordinate with Qatar to provide direct cash aid to needy families in Gaza, with tracking procedures in place. Qatar also buys fuel for Gaza's power plant.
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Attempts to fully restrict Hamas' financing have had limited success as tactics evolve to circumvent restrictions.