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News Brief

April 24, 2006
See Original Daily Bulletin From This Date

The U.S. Treasury extended its ban on dealings with Hamas to dealings with the Palestinian Authority. In a statement last week, the Treasury’s Office of Foreign Assets Control said it “has determined that Hamas, a terrorist entity whose property and interests in property are blocked under three separate OFAC-administered economic sanctions programs, has a property interest in the transactions of the Palestinian Authority.” Accordingly, “persons are prohibited from engaging in transactions with the Palestinian Authority unless authorized, and may not transfer, pay, withdraw, export or otherwise deal in any assets in which the Palestinian Authority has an interest unless authorized.”

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