US sanctions French charities and individuals over alleged Hamas crypto transfers
Image: CryptoSlateOn October 2, the US Treasury Department's Office of Foreign Assets Control (OFAC) added two French charities and three individuals to its sanctions list. The designations allege the parties helped channel cryptocurrency and other funds to Hamas. The sanctioned parties include Association Baraka, Ensemble C Mieux, Faouzi Barika, Amel Oualid and Saleem Abdallah Saleem al-Zaq. US crypto exchanges and payment firms subject to US rules must now screen for these designated parties.
Key points
- OFAC added two French charities and three individuals to its sanctions list on October 2.
- The designations allege the parties sent cryptocurrency and other funds to Hamas.
- US crypto exchanges and payment firms must screen for the designated parties.
- OFAC treats digital assets the same as fiat currency under its sanctions rules.
- Foreign financial institutions could face secondary sanctions for handling transactions for the designated parties.
Why it matters
The designations expand the list of parties US crypto firms must screen for compliance. Firms holding assets tied to the designated parties must block access and report them to OFAC within 10 business days.
Sources · 2 publishers
Blockonomi
Tier 3
US Sanctions French Charities Over Alleged Crypto Transfers to Hamas
Coverage timeline
- First reported by CryptoSlate
- Confirmed by Blockonomi
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
