Taking Action against Financial Institutions to Cut Hamas' Funding Campaigns

Within days after the October 7 attack, Hamas and its supporters launched multiple worldwide fundraising campaigns, many in countries which do not designate Hamas as a terror organization, such as Malaysia and South Africa. With the help of counterterror financing experts, identifying covert Hamas organizations and their bank accounts, Shurat HaDin launched tens of letters to Banks, money transfer companies and credit card companies, which were used for these illicit schemes. Many of these financial institutions took steps and assured Shurat HaDin that they will be taking the necessary precautions to comply with money-laundering regulations.