Corruption, Bribes, Illicit Finance & Money Laundering, Foreign Aid, International Development, Types of News: Brief
Terror Financing: Where Does Hamas Get Its Money
October 16, 2023—Since 2007, Israel has imposed an air, land, and sea blockade of the Gaza Strip. But that hasn't stopped the Hamas from getting access to hundreds of millions of dollars.
The terrorist organization and governing body of Gaza has access to a global financing network connected with countries, businesses, and charities, according to reporting by Reuters.
Now, in the aftermath of the Hamas attack on Israel, those lines of finance will come under greater scrutiny by governments, international organizations, and banks.
Crypto, Credit, and Trade
Reuters reported that Hamas receives support from Iran and Qatar as well as charities. Furthermore, it exchanges money with cryptocurrencies, credit cards, and trade deals to avoid international restrictions.
Earlier this y...