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Israeli authorities seize cryptocurrency transfer from Hamas

Israel’s National Bureau for Counter Terror Financing (NBCTF) last week released information regarding the seizure of cryptocurrencies which had been transferred to the Hamas organization. The report detailed that this was the first time such a wide variety of cryptocurrencies was seized, as the seizure also included cryptocurrencies other than… Read More

Venmo is blocking some payments mentioning Palestinian relief funds. The company says it’s following the law.

Some Venmo users are reporting that the PayPal-owned company is preventing them from completing transactions with descriptions mentioning Palestine-related keywords. Venmo’s customer support inquired about a $50 payment one user received that included the description “Emergency Palestinian Relief Fund,” according to a screenshot the user tweeted. Venmo said it… Read More

Israel targets Hamas’s financial heart in Gaza

While Hamas is launching rockets at Israeli cities and Israel is pulverising Gaza with airstrikes, they are also at war on a very different battlefield. Among the targets Israel has hit in the Gaza Strip are Hamas’s financial offices and five bank branches. Ostensibly these are non-military targets but western… Read More
17th August 2020
The Justice Department announced Thursday it had seized millions of dollars’ worth of cryptocurrency meant to fund terrorist groups such as al-Qaeda and the Islamic State, in what law enforcement officials called an unprecedented crackdown against terrorist fundraising on social media. In addition to seizing funds, U.S. officials said they… Read More
12th June 2020
President Donald Trump authorized sanctions Thursday on International Criminal Court officials who take part in investigations targeting the U.S. and its allies, delivering on a long-time promise to punish a body that his administration calls a threat to American sovereignty. The executive order, which would deny visas and block funds… Read More
11th May 2020
Palestinian Authority Prime Minister Mohammad Shtayyeh on Friday said the authority had agreed with Palestinian banks in the West Bank that despite Israeli threats to impose sanctions on institutions serving people accused of terrorism, the accounts of slain terror operatives and Palestinians being held in Israeli prisons will be unfrozen… Read More
11th September 2019
The United States on Tuesday announced sanctions on a “wide range of terrorists and their supporters,” including the Palestinian group Hamas and Iran’s Islamic Revolutionary Guards Corps, on the eve of the 18th anniversary of the Sept. 11 attacks. The targets include 15 leaders, individuals and entities affiliated with groups… Read More
19th August 2019
Hamas, the militant Palestinian group, has been designated a terrorist organization by Western governments and some others and has been locked out of the traditional financial system. But this year its military wing has developed an increasingly sophisticated campaign to raise money using Bitcoin. In the latest version of the… Read More
18th July 2019
The IDF said Wednesday it arrested Hamas members linked to a money transfer network that funneled cash from the Gaza Strip to the West Bank for terror purposes. The network was operated by a passport-issuing agency named “Al-Haramain” in the Gaza Strip, the army said. Money was transferred by offsetting… Read More
6th June 2019
Global financial bodies including the International Monetary Fund (IMF) and World Bank plan to be present at a U.S.-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its peace plan. The efficacy of the June 25-26 meeting in Bahrain has been… Read More
29th April 2019
The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups. The Gaza-based Izz el-Deen al-Qassam Brigades, which is proscribed by the United States and the European… Read More
Tom Devlin interviews Gary Osen, a high profile attorney and expert on the Anti-Terrorism Act. Read More
30th May 2018
AP — Israeli banks are helping build West Bank settlements in violation of international law by providing financial services to home buyers and local councils, Human Rights Watch said in a new report published Tuesday. The report said that bank activities in or with settlements have helped encourage settlement… Read More