Quick Take: Analyzing Current Trends in Hamas’s Fundraising and Support Networks
October 13, 2023
On October 7th, Hamas launched an unprecedented attack on Israel. While the sanctioned terrorist group has long received support and funding from the Iranian government, Hamas has also benefited from an extensive global network of charities, fronts, facilitators, and advocates involved in raising funds for its activities.
Following the recent terrorist attacks on Israel, organizations that have been tied to and advocated for Hamas have launched public fundraising campaigns with the stated purpose of providing aid to Gaza. These campaigns rely on online payment platforms, social media sites, and accounts at global financial institutions.
In this Quick Take, Kharon’s experts examine Hamas's fundraising methods, discussing how these funds move across borders and through the financial system. We also examine fundraising efforts tied to Hamas that have launched around the world in the immediate wake of the terrorist attack.
This webinar looks at the tactics used by Hamas, providing insights to detect, monitor, and counteract potential threats and violations in the global financial system:
Specifically, during the program, Kharon’s experts:
- Delve into the core fundraising mechanisms used by Hamas, including its extensive use of charities.
- Track the journey of funds, including looking at how Hamas navigates the international financial system and attempts to evade detection.
- Examine new fundraising efforts for Gaza that have launched in the last several days, identifying key methods used to raise and move funds such as crowdsourcing, deposits to traditional bank accounts, cryptocurrency transfers, and more.
Featuring:
Mark Nakhla
EVP, Research
Kharon
Rana Armanous
Senior Research Analyst
Kharon