The U.S. has sanctioned Hamas officials and affiliated companies for more than two decades but has struggled to disrupt its ability to raise cash. It is an “honor to get funds for Hamas," Jabarin said in an interview. Since the Oct. 7 attacks, the U.S. has imposed four rounds of sanctions targeting Hamas officials, companies and businessmen associated with the group. Listed on the Turkish stock exchange, it was owned 75% by front men for Hamas, according to the U.S., which sanctioned the firm in May 2022. Hamas officials based in Turkey have opened Turkish bank accounts to move cash and transfer it to operatives in the West Bank, they said.

Source: Wall Street Journal January 04, 2024 08:24 UTC