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Sanctioning of Jammal Trust Bank

العربية العربية

U.S. Department of State

Office of the Spokesperson

For Immediate Release

Statement by Secretary Pompeo

August 29, 2019

The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned today Lebanon-based Jammal Trust Bank SAL (Jammal Trust) for supporting Hizballah’s illicit financial and banking activities.  Jammal Trust has a longstanding relationship with a key Hizballah financial entity and provides financial services to the Martyrs Foundation and companies controlled by Hizballah’s Executive Council.  Jammal Trust’s misconduct undermines the integrity of the Lebanese financial system.

Today’s designation reflects our determination to counter Hizballah’s terrorist and illicit activities in Lebanon.  We will continue to target individuals and entities involved in financing and providing support to Hizballah while working closely with the Central Bank of Lebanon and other Lebanese institutions which work to preserve the integrity and stability of Lebanon’s banking system.

For more information on today’s action, please refer to the U.S. Department of the Treasury: https://home.treasury.gov/news/press-releases/sm760. 


This translation is provided as a courtesy and only the original English source should be considered authoritative.
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