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The original was posted on /r/worldnews by /u/kwestro on 2023-10-25 04:54:17.
US and Gulf nations target 'secret' Hamas investment portfolio worth up to $1 billion | CNN Business
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://www.cnn.com/2023/10/24/business/hamas-secret-investment-portfolio-israel/index.html
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
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.
Following the Hamas terror attacks on Israel, US and Saudi officials convened an emergency meeting on Tuesday in Riyadh of the Terrorist Financing Targeting Center, which includes the United States and the GCC nations.
Treasury has said the global portfolio of investments includes companies operating “under the guise of legitimate businesses” in Sudan, Algeria, Turkey, the United Arab Emirates and other nations.
Nelson 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.
“From a financial standpoint, we can clearly see that Hamas has exacerbated economic hardships for decades in the Gaza strip by diverting humanitarian assistance to support its campaign of terror, and we must publicly condemn these actions.”
FinCEN proposed designating foreign cryptocurrency “mixers” – platforms that make digital funds harder to track – as money laundering and national security risks.
The original article contains 453 words, the summary contains 184 words. Saved 59%. I’m a bot and I’m open source!