Turkiye has reviewed the financial activities of a company whose shareholders were sanctioned by the US on the grounds of providing aid to Hamas, finding no abuse of its financial system, Al Jazeera reports.

The US issued sanctions aimed at the Palestinian group on October 27, with three primary shareholders of Turkish real estate investment fund Trend GYO, including its chairman and a board member, among those targeted.

At the time, Trend GYO denied providing financial support to Hamas.

“Turkish authorities have carefully reviewed the financial activities and status of all relevant real and legal persons to establish that there was no abuse of our nation’s financial system,” Turkiye’s Treasury said in a statement.