Iran TerrorismUS Sanctions Lebanese Bank for Helping Iran-Backed Hezbollah

US Sanctions Lebanese Bank for Helping Iran-Backed Hezbollah

-

US sanctions Lebanese bank for helping Iran-backed Hezbollah

By Jubin Katiraie

The US Treasury Department on Thursday targeted a Lebanese bank the Trump administration calls the “bank of choice” of Hezbollah, Iran’s proxy in Lebanon, as part of a maximum pressure campaign against Tehran.

Treasury sanctioned Jammal Trust Bank, a financial institution based in Lebanon that facilitates banking activities for Hezbollah, and its three subsidiaries.

The U.S., in partnership with Oman, also announced sanctions Thursday against four individuals Treasury accuses of moving tens of millions of dollars between Iran’s elite Revolutionary Guards (IRGC) Quds Force and the military wing of the Islamic militant group Hamas in Gaza.

“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,” said Sigal Mandelker, undersecretary for terrorism and financial Intelligence. “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.”

In the second action, Treasury, in partnership with the Arab nation of Oman, sanctioned Mohammad Sarur, Kamal Abdelrahman Aref Awad and Fawaz Mahmud Ali Nasser for supporting Hamas.

“These facilitators funneled tens of millions of dollars from Iran’s Quds Force through Hezbollah in Lebanon to Hamas for terrorist attacks originating from the Gaza Strip. Hamas’ continued violent campaign against innocent civilians and the state of Israel is to the great detriment of the people in Gaza,” Mandelker said. “Treasury will continue to disrupt terrorist networks by targeting those who generate funds to carry out the Iranian regime’s violent agenda.”

Thursday’s action blocks any property or interests in property that the targets have within U.S. jurisdiction. It also bans Americans from engaging in transactions with them and prohibits transactions involving them from moving through the United States.

Latest news

Iran Begins Spring with Shock in Food Prices

Figures in the most recent report by the Iranian regime’s Statistical Center on Inflation in March 2024 show that...

US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new sanctions on the regimes of Iran and Russia. According to a...

Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary Court” in an "unprecedented" move has sentenced this dissident singer...

Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis (parliament) recently released a report highlighting the dire situation of...

U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing the Iranian regime's actions, the United States House of Representatives...

Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic Energy Agency (IAEA), has stated that Iran is just weeks...

Must read

Iran claims has built new radar-evading jet

Iran Focus: Tehran, Iran, Feb. 04 – Iran claimed...

Iran FM to discuss future of Lebanon with Syria’s al-Assad

Iran Focus: London, Feb. 11 – Iran’s Foreign Minister...

You might also likeRELATED
Recommended to you