Reported by Allegra Catelli, Bloomberg News

Swiss police sent a tip-sheet to several banks and asset managers on how to spot suspicious payments directed to Hamas.

Such payments are “often carried out under the guise of fundraising campaigns for humanitarian aid,” the police says in a letter cited by public broadcaster SRF. The request to send funds via cryptocurrencies or social media should also be a cause for suspicion.

Last month, Switzerland’s top prosecutor announced the start of a criminal investigation into alleged payments to Hamas.

The group isn’t labeled as a terrorist organization in Switzerland, unlike in the US and in the European Union. After the Oct. 7 attack on Israel, which killed more than 1,400 people, both the Swiss government and parliament have signaled that they want to change this. But the process will likely take months and the approval of a new law.

Read full report: https://www.bnnbloomberg.ca/swiss-banks-get-police-tips-on-how-to-spot-hamas-financing-1.1996754