US and Allies Establish International Task Force To Stop Money Transfer To Hamas, A Palestinian Militant Organization

Following Hamas’ assault on Israel last month, the US said on Monday that it and its allies had established an international task force to stop the Palestinian organization’s funding flow and help in counterterrorism download 2023 11 28t123104.993

The US Treasury Department said in a statement that the task force would enhance the sharing of financial information on matters pertaining to financing of terrorism. Best practices and prospects for further initiatives and collaborations will also be covered.

The US, UK, and allies have attempted to stop supporting the Palestinian militant group Hamas, which has been labeled a terrorist organization by Washington and other nations, since the October 7 assault, which resulted in the deaths of over 1,200 people.

According to news agency Reuters, the task force was made up of financial intelligence units from the US, the UK, Australia, Canada, Estonia, France, Germany, Israel, Liechtenstein, Luxembourg, the Netherlands, New Zealand, and Switzerland in addition to other groups.

“The October 7 terror attacks on Israel served as a grave reminder of a core mission of our FIUs: to detect, disrupt and prevent the financing of terrorism,” the statement said.

Following a surprise assault by Hamas on October 7, which included infiltration by air, land, and sea, the US slapped several rounds of sanctions on the terrorist organization.

Senior officials have discussed the group’s capacity to get funding for overseas trips in addition to concentrating on its investment portfolio and alerting banking institutions about blocking Hamas financing. The Israel Defense Forces struck Gaza with a withering barrage of strikes and repeated assaults in reprisal for the Hamas onslaught, which resulted in several deaths.

The humanitarian ceasefire in the Gaza Strip has been extended for an additional two days, according to a statement released by Qatar’s foreign ministry on Monday. The first ceasefire was scheduled to finish on April 4.

According to AFP, Hamas exchanged 117 Palestinian inmates detained in Israeli prisons for up to 39 Israeli captives within the first three days of the deal between the two groups.

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