From the Liveblog of
Wednesday, August 31, 2022
Gantz sanctions 20 people, companies operating as a front for Hamas money laundering
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Defense Minister Benny Gantz signs an order imposing economic sanctions on 20 individuals and organizations accused of laundering money internationally for the Hamas terror group.
According to a statement from Gantz’s office, Hamas manages investments worth hundreds of millions of dollars through a network of shell companies “operating under the guise of legitimate companies and concealing Hamas’s control over their holdings.”
These companies deal mainly with real estate and infrastructure projects and operate in Sudan, Turkey, the United Arab Emirates, Saudi Arabia and Algeria,” the statement says, adding that local authorities and financial institutions were
were unaware Hamas was behind the companies.
Among those sanctioned are Osama Ali, who is identified as the head of the investment system and a member of the Hamas ruling council.
Companies named include Al-Rowad for Real Estate Development Company Ltd (Sudan); Anda, a Saudi real estate and construction company; Sidar Company and Agrogate Holding.
“This is a significant operational and international announcement,” says Gantz.
“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,” he says.
The Times of Israel Community.