Skip to main content
Tags: hamas | israel | united states | funding

US, Allies Form Task Force Aimed at De-funding Hamas

Monday, 27 November 2023 12:14 PM EST

The U.S. said on Monday that after Hamas' assault on Israel last month, it and several allied nations established an international task force aimed at countering the flow of money to the militant Palestinian group and supporting anti-terrorism efforts.

Since 1,200 people were killed in the Oct. 7 attack, the U.S., UK and allies have sought to cut off funding for Hamas, which has been designated a terrorist group by Washington and other governments.

The task force will enhance sharing of financial intelligence on terrorist-financing related matters and will discuss best practices and opportunities for additional actions and partnerships, the U.S. Treasury Department said in a statement.

It will also strengthen relations between the financial intelligence units, public authorities and the private sector to address the threat, the statement said.

"The Oct. 7 terror attacks on Israel served as a grave reminder of a core mission of our FIUs: to detect, disrupt and prevent the financing of terrorism," the statement said.

The task force is made up of financial intelligence units from Australia, Canada, Estonia, France, Germany, Israel, Liechtenstein, Luxembourg, the Netherlands, New Zealand, Switzerland, the UK and the U.S. as well as other units.

Since the Oct. 7 attack, Washington has imposed several rounds of sanctions on Hamas. It has targeted the group's investment portfolio and issued an alert to financial institutions on countering Hamas financing while senior officials have discussed the group's access to funds on trips abroad.

© 2025 Thomson/Reuters. All rights reserved.


Newsfront
The U.S. said on Monday that after Hamas' assault on Israel last month, it and several allied nations established an international task force aimed at countering the flow of money to the militant Palestinian group and supporting anti-terrorism efforts.
hamas, israel, united states, funding
240
2023-14-27
Monday, 27 November 2023 12:14 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved