The Treasury Department’s Office of Foreign Assets Control (OFAC) imposed a second round of sanctions on investment entities believed to be funding the terrorist organization Hamas.

The sanctions, announced Friday in a press release, targeted assets in Hamas’s investment portfolio, as well as supporters in the highest levels of Iran’s military. The actions built on a previous set of sanctions levied against Hamas- and Iranian-related investment entities announced by OFAC on Oct. 18.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...