FinCEN Issues Alert Regarding Hamas-Linked Crypto Transactions

THE government department warned virtual active service suppliers And other financial establishments has "identify And report suspicious transactions" related has terrorist groups.

THE United States Treasury Departments Financial Crimes Enforcement Network, Or FinCEN, issued A alert For financial establishments as part of efforts has identify "suspicious activity" related has funding terrorist groups.

In A October. 20 notice, FinCEN said that THE activist band Hamas — behind THE October. 7 attack on Israel — employee "Fund raising campaigns involving virtual currency And fictional charities breeding both decree And virtual currency" has funds It is activities. THE government department warned virtual active service suppliers And other establishments has "identify And report suspicious transactions" potentially connected has Hamas.

Specifically, FinCEN warned financial establishments has be mistrustful of clients WHO to have led transactions with A business In A jurisdiction partner with Hamas, entities Already on THE Desk of Stranger Assets Controls list of Especially Designated national, And those that solicit crypto donations on social media. THE announcement came less that 24 hours After THE government department propose designating crypto blend as A area of "primary money whitening concern" related has terrorism.

Today, Treasury Financial Crimes Enforcement Network announcement A propose ruler has increase transparency around international convertible Virtual Currency Mix with fight It is to use by malicious actors including Hamas, Palestinian Islamic Jihad, & THE DPRK. https://t.co/1atRjZnjwo