The U.S. Treasury's Office of Foreign Assets Control has sanctioned Alzaq, two France-based individuals, and the sham charities Association Baraka and Ensemble C Mieux. The Treasury states the operation ran for six years and moved more than $2M to Hamas via cryptocurrency and deceptive fronts, with $1.5M of those funds collected after the October 7 attacks. Prosecutors allege Alzaq personally raised over $1.75M, while separate alerts have flagged other funding conduits such as the Al-Khair Challenge on the Spotfund platform.
Tuesday, October 20, 2026
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US Justice Department Arrests 6 in $2M Hamas Financing Scheme
Geopolitics18 days ago
A federal grand jury in Manhattan has returned an indictment against Saleem Alzaq, a long-time member of Hamas, for violating U.S. sanctions to fund the militant group. The U.S. Department of Justice also announced the arrest of six other individuals on Friday as part of a wider crackdown on a financing network that funneled assets to the Al-Qassam Brigades. Alzaq allegedly admitted to an undercover NYPD officer that he leveraged a network of young Palestinians in New York to facilitate the fundraising.
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