Reported by Ebrima Santos Sanneh Treasury’s Financial Crimes Enforcement Network urged financial institutions Friday to vigilantly monitor and report activity suspected of being related to financing the militant organization currently at war with Israel known as Hamas. Fincen’s alert identified several red flags it says banks should watch which could indicate suspicious activity. These include watching for […]
Reported by ANDY GREENBERG HAMAS’ ATTACKS AGAINST Israel on October 7 have shifted the geopolitical landscape and triggered a looming Israeli ground assault in the Gaza Strip. Now the ripple effects are reaching the cryptocurrency industry, where they’ve become the United States Department of the Treasury’s rallying cry for a crackdown on cryptocurrency anonymity services. The US Treasury’s […]
Reported by OLIVER DALE A bipartisan group of over 100 lawmakers is pressuring the Biden administration to address the growing use of cryptocurrencies to finance terrorist activity. This comes after recent reports found the Palestinian militant group Hamas received tens of millions in crypto donations in recent years. The legislators, led by Senators Elizabeth Warren (D-MA) and […]
Reported by Benjamin Weinthal The Hamas war against Israel is slated to be given a potent shot in the arm if the U.S. and its European allies allow U.N. sanctions to be lifted on Iran’s capability to purchase and supply missiles to enemies of the U.S. and Israel, according to experts on Tehran. This coming […]
Reported by Agency Staff Hamas, sanctioned as a terrorist organisation by the US, Britain and other countries, had increasingly used cryptocurrencies, credit cards or contrived trade deals to avoid mounting international restrictions, said Matthew Levitt, a former US official specialised in counterterrorism. “Hamas has been one of the more successful users of crypto for the financing […]
Reported by TOI STAFF The Israel Defense Forces on Thursday demolished a pizzeria in the northern West Bank town of Huwara after it posted an ad online that included a photo of an elderly Israeli Holocaust survivor who was taken hostage by terrorists in Gaza. The ad, posted to the establishment’s Facebook page, featured an […]
Reported by Angus Berwick The U.S. last year sanctioned a Moscow-based crypto exchange to stymie Russian efforts to evade the financial blockade imposed after the invasion of Ukraine. A year on, the exchange is booming. Despite its place on the U.S. blacklist, which restricts transactions with sanctioned entities, Garantex has become a major channel through which Russians move […]
Reported by Steven Stradbrooke Binance’s history of facilitating transactions with both Iran and Hamas will increase the exchange’s ‘crypto’ pariah status and doom any chance of negotiating a favorable legal settlement with U.S. authorities. The world is still struggling to grasp the full ramifications of last weekend’s surprise attack on Israel by the Hamas terror […]
Reported by Reuters The Palestinian group Hamas’s surprise assault on Israel Saturday and Israel’s retaliation have killed more than 1,100 people and focused attention on the Iran-backed Islamist group. U.S. Secretary of State Antony Blinken said on Sunday that Iran has not yet been able to spend a single dollar of the $6 billion in funds that […]
Reported by Summer Said, Benoit Faucon and Stephen Kalin Iranian security officials helped plan Hamas’s Saturday surprise attack on Israeland gave the green light for the assault at a meeting in Beirut last Monday, according to senior members of Hamas and Hezbollah, another Iran-backed militant group. Officers of Iran’s Islamic Revolutionary Guard Corps had worked with […]
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