Altcoinbuzz US Sanctions France-Based Hamas Fundraising Network
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- •US sanctions target France-based charities linked to Hamas fundraising.
- •Over $2 million allegedly raised, with significant amounts transferred via cryptocurrency.
- •Sanctions block assets and prohibit US transactions with designated parties.
On October 2, 2026, the US Treasury Department sanctioned two charities and three individuals in France for allegedly raising over $2 million for Hamas. The sanctions target Faouzi Barika, Amel Oualid, and Saleem Abdallah Saleem al-Zaq, blocking their assets under US jurisdiction and prohibiting US persons from transacting with them. The Treasury claims that the fundraisers used purported humanitarian causes to solicit donations, with $1.5 million raised after Hamas's October 7, 2023 attack on Israel. Hundreds of thousands of dollars were reportedly transferred in cryptocurrency, although the exact amount is unclear. The sanctions are part of a broader FBI-led operation against Hamas fundraising networks. Treasury Secretary Scott Bessent emphasized the importance of disrupting financial support for terrorist organizations.
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