U.S. Treasury Imposes New Round of Sanctions on Hamas and FinCEN Issues An Alert on Hamas

On October 27, 2023, the U.S. Department of the Treasury’s Office of Financial Assets Control (OFAC) imposed a second round of sanctions on key Hamas-linked officials and financial networks.  The sanctions follow the October 7 attacks on Israel.  As set forth in OFAC’s press release and designations, the new round of sanctions targets additional assets in Hamas’s investment portfolio and individuals who are facilitating sanctions evasion by Hamas-affiliated companies.