Financial institutions have reported $165 million in potential crypto transactions that may be tied to Hamas, according to the bureau of the U.S. Treasury department that combats terrorism financing.
Financial institutions have reported $165 million in potential crypto transactions that may be tied to Hamas , according to the bureau of the U.S. Treasury department that combats terrorism financing . The Financial Crimes Enforcement Network analyzed suspicious activity reports filed between January 2020 and October 2023, according to a letter signed by Deputy Treasury Secretary Adewale Adeyemo.
The letter, reviewed by CoinDesk, was directed to the leaders of the Senate Banking and House Financial Services Committees and asked for their support in passing legislation that would broaden the Treasury Department's oversight authority over crypto transactions. The letter hedges the extent to which the $165 million figure might be tied to crypto or Hamas, with Adeyemo writing that a financial institution"may have attributed the full value of a customer’s transactions – including both fiat and digital assets activity – to Hamas, while only a portion of the reported activity may have constituted such activity
Financial Institutions $165 Million Potential Crypto Transactions Hamas U.S. Treasury Department Terrorism Financing Financial Crimes Enforcement Network Suspicious Activity Reports Legislation Oversight Authority Crypto Transactions
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