OFAC Sanctions Hamas Financing Network Operators, Identifies Seven TRON Addresses
Summary
OFAC sanctioned three alleged Hamas financing network operators and designated seven TRON addresses that have received about $38.6 million. Chainalysis describes links between the addresses and regional exchange services.
Key points
- OFAC designated Zaid Issam Ahmed al-Jebouri and two associates for their roles in a Hamas financial network.
- The three operators are associated with El-Kahira for General Trading, a Turkey-registered exchange office.
- The designation identifies seven TRON cryptocurrency addresses that collectively received approximately $38.6 million.
- Chainalysis says the addresses interacted with wallets listed in an earlier seizure order by Israel’s NBCTF.
- The article reports that funds moved through regional money services and OTC desks, as well as mainstream exchange deposit addresses.
- Chainalysis says it labeled the designated addresses in its product suite and highlights regional OTC services as a monitoring challenge for compliance teams.
Article Details
- Event Type
- OFAC sanctions designation of individuals linked to a Hamas financing network operating through El-Kahira for General Trading.
- Impact
- OFAC designated Zaid Issam Ahmed al-Jebouri, Abdulla Issam Ahmad al-Jebouri, and Khaldun Khamis Zakaria Alden. The designation included seven TRON cryptocurrency addresses that had collectively received approximately $38.6 million. Chainalysis reports that the addresses interacted with wallets associated with the network and that funds moved through money services businesses, OTC desks, and exchange deposit addresses. The action highlights compliance challenges in monitoring regional cryptocurrency exchange offices.
People
Abdulla Issam Ahmad al-JebouriNamed by OFAC as an associate of Zaid Issam Ahmed al-Jebouri and an operator of El-Kahira for General Trading.Khaldun Khamis Zakaria AldenNamed by OFAC as an associate of Zaid Issam Ahmed al-Jebouri and an operator of El-Kahira for General Trading.Zaid Issam Ahmed al-JebouriNamed by OFAC as a member of the Hamas financial network; an Iraqi national based in Istanbul.
Countries
Palestinedesk. It also sent funds to mainstream exchange deposit addresses that dually received funds from a Palestine-based OTC and another Hamas-related wallet.Turkeyand Khaldun Khamis Zakaria Alden. The al-Jebouris and Alden operate El-Kahira for General Trading, a Turkey-registered exchange office linked to Hamas financing.UAEout funds at Gaza-based money service business (MSB) OFAC SDN Buy Cash Money and Transfer Company and a UAE-based over-the-counter (OTC) desk. It also sent funds to mainstream exchange deposit addresses that dually