The US and UK authorities have ramped up their crackdown on entities linked to terrorism financing via crypto after the October 7th attacks on Israel.
As such, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) imposed fresh sanctions earlier this week on two individuals and three entities for their alleged involvement in fundraising for the Palestinian Sunni Islamist political entity, Hamas.
Pro-Hamas Entities Face Sanctions
The sanctioned entities include Gaza Now, a Gaza-based social media outlet, and two London-based businesses, Al-Qureshi Executives and Aakhirah Limited. Mustafa Ayash, the founder of Gaza Now, and Aozma Sultana, the director of the London businesses, were also targeted. They were found to have promoted pro-Hamas content and facilitated fundraising efforts for the organization.
While Gaza Now had long promoted crypto donation campaigns, and some of the addresses highlighted in sanctions designations began receiving funds in 2021, according to the latest findings…
