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Israel Sanctions Individuals, Organizations Laundering Money for Hamas

September 1, 2022

by: Kate Norman

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Supporters of the Hamas terrorist group

Thursday, 1 September 2022 | Israeli Defense Minister Benny Gantz yesterday signed an order to levy sanctions against 20 organizations and individuals involved in laundering hundreds of millions of dollars internationally for the Hamas terrorist organization.

Hamas funnels the money through “a network of shell companies that conceal the group’s control over their assets,” the defense ministry said in a statement.

The shell companies reportedly mainly involve real estate and infrastructure projects operating in Algeria, Saudi Arabia, Sudan, Turkey and the United Arab Emirates, the statement said.

“In this manner, the investment system has deceived authorities, customers and suppliers (including banks), which were unaware of the terrorist organization’s ownership and control of these companies,” Gantz said in a statement quoted by the Jerusalem Post.

One of the individuals sanctioned was Osama Ali, who has reportedly served as head of Hamas’s investment system since 2017 and sits on the terror group’s executive community.

The sanctioned companies include Al-Rowad for Real Estate Development Company Ltd (Sudan), which, according to the Jerusalem Post, merged with other companies in Sudan that are also connected to Hamas.

Another company is Anda, a real estate and construction company in Saudi Arabia, which the Jerusalem Post reported is the terror group’s biggest investment in that industry.

Other companies swept up in the sanctions net are Sidar in Algeria and Agrogate Holding. Sidar funnels “a significant portion of funds” to the Izz-al-Din al-Qassam Brigades, Hamas’s military wing, the Jerusalem Post said.

Gantz’s order will activate property seizures and international restrictions against the individuals and organizations, the Jerusalem Post reported, following a joint operation by the Shin Bet (Israel’s internal security organization), the Defense Ministry’s National Bureau for Counter Terror Financing and the military’s Intelligence Directorate.

“This is a significant operational and international announcement,” Gantz said, as quoted by the Times of Israel. “Our policy is clear: we will continue to support the flow of money that goes to civilians (in Gaza)—and we will continue to thwart any attempt to send money that goes to strengthen the military capabilities of the Hamas terrorist organization.”

Posted on September 1, 2022

Source: (Bridges for Peace, September 1, 2022)

Photo Credit: openDemocracy/flickr.com

Photo License: Flickr

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