The US Treasury Department in Washington DC

US, UK Slap More Sanctions On Hamas, Targeting Iran’s Financing

Tuesday, 11/14/2023

The United States and Britain imposed a fresh round of sanctions on Tuesday targeting Hamas as they seek to cut off funding for the militant Palestinian group.

The United States announced its third round of sanctions since the October 7 Hamas terror attack on Israel. The measures target key Hamas officials and the mechanisms through which Iran provides support to Hamas and its ally Palestinian Islamic Jihad (PIJ), another militant group.

US State Department in announcing the sanctions particularly focused on the financial and military support by the Iranian regime to Hamas and other militant groups.

Secretary of State Antony Blinken in a statement highlighted that “Iran’s support, primarily through its Islamic Revolutionary Guard Corps, enables Hamas and PIJ’s terrorist activities, including through the transfer of funds and the provision of both weapons and operational training. Iran has trained PIJ fighters to produce and develop missiles in Gaza while also funding groups that provide financial support to PIJ-affiliated fighters.”

Britain added six new designations to its counter-terrorism sanctions list, including four individuals linked to Hamas, an update to the UK government website showed.

"The United States will continue to work with our partners, including the U.K., to deny Hamas the ability to raise and use funds to carry out its atrocities," Treasury Secretary Janet Yellen said in a statement.

Antony Blinken attending a regional meeting in the Middle East in March 2022

"Hamas’s actions have caused immense suffering and shown that terrorism does not occur in isolation. Together with our partners we are decisively moving to degrade Hamas's financial infrastructure, cut them off from outside funding, and block the new funding channels they seek to finance their heinous acts."

Israel vowed to wipe out Hamas after the militant group's fighters burst across the fence around the Gaza enclave on October 7 and rampaged through Israeli towns killing civilians. Israel says 1,200 people were killed and around 240 were dragged back to Gaza as hostages in the deadliest day of its 75-year history.

There are also thousands of casualties in Gaza as a result of Israeli attacks, although there is no independent estimate of the exact numbers.


Since the terror attack, Washington has imposed three rounds of sanctions on Hamas. It has targeted the group's investment portfolio and issued an alert to financial institutions on countering Hamas financing while senior officials have discussed the group's access to funds on trips abroad.

Hamas is designated a terrorist group by Israel, the United States, the European Union, Britain and others.

Washington's action on Tuesday specifically targeted Mahmoud Khaled Zahhar, a senior member and co-founder of Hamas, the PIJ's representative to Iran and the Damascus-based Deputy Secretary General of PIJ and leader of its militant wing.

Lebanon-based money exchange company Nabil Chouman & Co was also targeted, along with its owner and founder. Treasury said Hamas uses the company to transfer money from Iran to Gaza and accused it of having transferred tens of millions of dollars to the group.

Washington's move freezes any US assets of those targeted and generally bars Americans from dealing with them. Those who engage in certain transactions with them also risk being hit with sanctions.

US Deputy Treasury Secretary Wally Adeyemo told Reuters last week that efforts to cut off Hamas funding would increasingly focus on facilitators in third countries, and that it would take coordination with allies and partners to shut off those avenues. His recent trip to Europe centered on fostering more cooperation in this area.

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