|Hamas with a Swastika on its kite, at Israeli-Gaza border this week.|
Please note that the currency involved was Euros, not Dollars. Obviously, Hamas operatives based in Turkey are working with local companies, sending funds to West Bank universities, ostensibly for educational assistance, but in truth and in fact for terrorist actions against civilians.
Given the potential civil penalties, when US companies or persons are found to trade with Hamas, compliance officers at banks whose clients are trading with Turkish companies, might want to check the names of the Turkish companies your clients are dealing with. Do the officers at the Turkish firms have typical Turkish names ? If not, you may want to engage Enhanced Due Diligence on the companies and their officers and staff. Trading with Hamas-controlled companies could be expensive, as well as damaging to your bank's reputation.
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