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.