The American Council for World Jewry strongly supports the announcement by the U.S. Treasury Department about the designation and sanctioning of a covert Hamas investment network. Through funneling money to foreign countries, the network generated revenue for the terrorist group. According to the Treasury Department, Hamas’s Investment Office, whose leadership oversees the investment network, held assets estimated to be worth more than $500 million across multiple countries in the Middle East and North Africa.

Jack Rosen, Chairman of the American Council for World Jewry, praised the move:


We are very encouraged by the firm commitment of U.S. President Biden and his Administration to address the corruptive practices of Hamas’ leadership. Through the revenue it gets from investments in other countries, Hamas fuels violence and terrorism, destabilizes the Middle East, and threatens the State of Israel. Its terrorist activities inhibit progress towards peace and keep both Israelis and Palestinians hostage. We look forward to further action from the United States and call on other international partners to follow suit.


Last modified: October 4, 2022