Sanctioning of Jammal Trust Bank
Michael R. Pompeo, Secretary of State
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.
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