New York, May 24, 2022 – The American Jewish Congress applauds today’s announcement by the Departments of State and The Treasury about sanctioning a covert Hamas network generating revenue for the terrorist group. According to the Treasury Department, Hamas’s Investment Office, whose leadership oversees the investment network, held assets estimated to be worth more than $500 million across multiple countries in the Middle East and North Africa.

Jack Rosen, President of the American Jewish Congress, praised the sanctioning of a Hamas finance official and three financial facilitators:

This is an important decision that shows a renewed commitment by the Biden Administration to address the corrosive behavior and corruptive practices of Hamas’ leadership. This approach goes to the crux of the issue: Hamas corruption continues to fuel violence and terrorism, while working to inhibit peace at its core. While this harms both Israelis and Palestinians, it has been neglected for far too long. By taking action against funding sources and its investment network, the United States sends a strong message to Hamas, but also to the Palestinians, who are viciously exploited by the terrorist organization and its leadership. We look forward to further action and continuing this level of response in the future.

© 2020 American Jewish Congress.