(Bloomberg) -- The Swiss government will draft a law to ban Hamas, designating it as a terrorist organization, according to a statement.
Once approved by parliament, the law will bring Switzerland in line with the US and the European Union. Being classified as a terrorist organization would shut out Hamas out of the Swiss financial system and potentially deal a blow to its funding.
Read More: Swiss Government Backs Labeling Hamas as Terrorist Organization
On Wednesday, Switzerland also ended its cooperation with three Palestinian non-governmental organizations, without naming them, saying there were breaches of conduct and anti-discrimination policies. The investigation, ordered after Hamas's deadly attack against Israel on Oct. 7, found no instances of suspect financing though.
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