Curbing Hamas finances in Paris

Officials from more than 20 countries including Israel but no Arab states convene in Paris to find a strategy on how to curb financing of Hamas and its activities online.

France has been pushing with Germany and Italy for the European Union to create a specific sanctions regime against the Palestinian Islamist group after its deadly attack on southern Israel on Oct. 7 2023.

French diplomats have said to Reuters they want a broader strategy encompassing as many countries as possible, to damage the group’s ability to finance itself and disseminate propaganda on social media networks.

The conference of foreign ministry political directors will begin with a presentation by Israel on the “state of Hamas’ threat” before turning to sessions on curbing financing, according to an agenda seen by Reuters.

Presentations will be made by Israel, France, the United States – which will outline current sanctions on Hamas – and an independent organisation that focuses on terrorism financing.

Hamas uses a global financing network to funnel support from charities and friendly nations, passing cash through Gaza tunnels or using cryptocurrencies to bypass international sanctions, according to experts and officials.

“It’s odd that there won’t be any Arab countries,” said one diplomat, whose country has been invited. Two other diplomats also confirmed the absence of Arab countries and Turkey.

Hamas is designated as a terrorist organisation by the European Union and the U.S.