OFAC targets Hamas-linked flotilla and support networks
Sanctions teams must screen new Hamas-linked SDNs and related 50-percent-rule exposure
OFAC
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Change
OFAC designated individuals and entities linked to PCPA, Samidoun, Hamas, HASM and Muslim Brotherhood-aligned networks under E.O. 13224.
Why it matters
The action creates immediate blocking and reporting obligations for US persons and sanctions-exposure checks for financial institutions handling related parties. Screening teams must add the newly designated names, apply the 50-percent rule to owned entities, and escalate transactions involving flotilla, Samidoun, PCPA, Hamas or HASM-linked counterparties.
Implications
- — US sanctions-screening teams must add the newly designated PCPA, Samidoun, Hamas and HASM-linked individuals and entities to SDN screening filters.
- — Financial institutions must block and report property or interests in property of the designated persons that are in the United States or under US-person possession or control.
- — Sanctions compliance teams must apply OFAC’s 50-percent rule to entities owned directly or indirectly by one or more blocked persons.
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