On November 27, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a public statement regarding a task force formed with 12 and other like-minded financial intelligence units (FIUs). This task force aims to strengthen efforts to disrupt international financial flows to Hamas and other terrorist organizations. The FIUs of Australia, Canada, Estonia, France, Germany, Israel, Liechtenstein, Luxembourg, Netherlands, New Zealand, Switzerland, UK, USA and other like-minded FIUs have formed the task force.

The Task Force Members recognize the importance of the private sector in identifying and mitigating terrorist’s use of the global financial system. Close coordination with financial institutions and technology companies is critical to identify and stop terrorist funding channels. Members also commit to coordinating closely with domestic law enforcement, prosecutors, and other competent government authorities to achieve the goals of this task force.