New York CNN —The United States along with some Middle Eastern nations are stepping up efforts to target a “secret” Hamas investment portfolio government officials believe to be worth up to $1 billion.
To target the Hamas investment portfolio, a US official said Tuesday the Treasury Department is working with members of the Gulf Cooperation Council: Saudi Arabia, Qatar, Kuwait, Oman, Bahrain and the United Arab Emirates.
The official added that the portfolio is generating significant amounts of revenue for Hamas.
Hamas' armed wing, the Izz ad-Din al-Qassam Brigades destroy an Israeli forces' tank near Gaza City, Gaza on October 07.
Hani Alshaer/Anadolu Agency/Getty ImagesNelson urged the Gulf nations to share more information on the parts of the Hamas financial ecosystem “vulnerable to disruption” and called on member countries to take action.
Persons:
” Brian Nelson, Hani Alshaer, Nelson, ” Nelson, ”, Wally Adeyemo, Adeyemo, FinCEN
Organizations:
New, New York CNN, Treasury Department, Gulf Cooperation, United, United Arab Emirates, Saudi, GCC, Treasury, Hamas, United Arab, Anadolu Agency, Getty, ”, Network
Locations:
New York, United States, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, United Arab, Israel, US, Riyadh, Sudan, Algeria, Turkey, United Arab Emirates, Treasury’s, Gaza City, Gaza, Europe