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US, Gulf Nations Target Secret Hamas Assets Worth Up to $1Bln

© AFP 2023 / SAID KHATIBA Palestinian fighter from Ezz-Al Din Al-Qassam Brigades, the armed wing of the Hamas movement, checks debris at the site of an Israeli air strike in Khan Yunis in the southern Gaza Strip December 26, 2019
A Palestinian fighter from Ezz-Al Din Al-Qassam Brigades, the armed wing of the Hamas movement, checks debris at the site of an Israeli air strike in Khan Yunis in the southern Gaza Strip December 26, 2019 - Sputnik International, 1920, 25.10.2023
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MOSCOW (Sputnik) - The United States and Gulf nations have stepped up efforts to curb the flow of revenue allegedly going to Hamas through its secret investment portfolio, US Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson said.
Nelson told an emergency meeting of the Terrorist Financing Targeting Center in Riyadh on Tuesday that the US and Gulf Cooperation Council members should come together to address "terrorist financing" in the wake of the Hamas attack on Israel.

"Hamas financiers have long enjoyed unimpeded access to many jurisdictions and likely their financial systems as well. We need to better understand these networks, and more importantly, stop this activity if it is occurring in our jurisdictions," he stated.

The Palestinian group is suspected to have between $400 million and $1 billion in investment, including in companies operating in Sudan, Algeria, Turkiye, and the United Arab Emirates, a US official was cited as saying by an American broadcaster on Tuesday.
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