Hamas financing through global investment portfolio - focus on trend GYO

Hamas financing through global investment portfolio - focus on trend GYO

According to a report from www.n-tv.de,
The Hamas leaders in the Gaza Strip finance their luxury life abroad with a global investment portfolio. The leaders do not have to fear for their own lives as they were able to escape in time. According to Hans-Jakob Schindler, it is known that Hamas has various sources of money, including international sponsors such as Iran and Qatar. Hamas invests some of the money in lucrative industries in order to generate profits. The US Treasury Department speaks of a “global investment portfolio” of Hamas that is worth more than 500 million US dollars. These investments are primarily made in countries where Hamas is not classified as a terrorist organization.

The latest developments show that Trend GYO, an Istanbul real estate firm, and five other companies based in the Arab Muslim world have been placed on a sanctions list by the US government for concealing, laundering Hamas funds and generating new revenue for the terrorist group. This has global effects as almost all companies that do business with the US dollar are affected. Despite the sanctions, Trend GYO was able to expand its business and achieved sales of 90 million Turkish lira last year. The Turkish government has taken no action against Trend GYO, on the contrary, Turkish President Recep Tayyip Erdogan is said to have even ordered a new passport for a Trend GYO managing director with an alias for terrorist entrepreneurs.

As a financial expert, it is obvious that developments related to Hamas and its global investment activities are having a significant impact on the market and the financial industry. The U.S. government's sanctions have shown that Hamas's revenues are partially concealed through such companies. This highlights the challenges that exist in combating terrorist financing. The fact that Hamas also invests in lucrative industries shows that the terrorist group has considerable financial resources. The involvement of high-ranking politicians such as President Erdogan in this matter illustrates that the fight against the financing of terrorist groups worldwide is a complex and difficult task.