The U.S. Treasury announced on Thursday that it has sanctioned Jammal Trust Bank SAL, which has allegedly been facilitating transactions on behalf of Hezbollah.

U.S. Secretary of State Mike Pompeo said in a statement that “Jammal Trust has a longstanding relationship with a key Hezbollah financial entity and provides financial services to the Martyrs Foundation and companies controlled by Hezbollah’s Executive Council. Jammal Trust’s misconduct undermines the integrity of the Lebanese financial system.”

“Today’s designation reflects our determination to counter Hezbollah’s terrorist and illicit activities in Lebanon,” he continued. “We will continue to target individuals and entities involved in financing and providing support to Hezbollah 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.”

“Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hezbollah’s financial activities,” said Sigal Mandelker, U.S. Under Secretary for Terrorism and Financial Intelligence. “Corrupt financial institutions like Jammal Trust are a direct threat to the integrity of the Lebanese financial system.

“Jammal Trust provides support and services to Hezbollah’s Executive Council and the Martyrs Foundation, which funnels money to the families of suicide bombers,” she continued. “The U.S. will continue to work with the Central Bank of Lebanon to deny Hezbollah access to the international financial system. This action is a warning to all who provide services to this terrorist group.”

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