News : Sanctions
- Published: Friday, 30 August 2019
The United States slapped sanctions against Lebanon-based Jammal Trust Bank on Thursday, designating it a “global terrorist” over its ties to the Iran-backed Hezbollah terror group.
Sigal Mandelker, the Under Secretary for Terrorism and Financial Intelligence said in a statement: "[The] Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hezbollah's financial activities. 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."
The US made this move against the bank, just one day after placing sanctions on two Iranian networks that it claimed facilitated "tens of millions of dollars' worth" of “covert procurement activities” for the benefit of the Iranian Regime’s military.
One network used a Hong Kong-based company in to evade US and global sanctions when targeting US technology or military equipment on behalf of people tied to the Islamic Revolutionary Guard Corps (IRGC) and the regime’s missile program. The other bought aluminium alloy products for entities controlled or owned by the Iranian Ministry of Defense and Armed Forces Logistics.
The Treasury accused several Iranian nationals of playing vital roles in the schemes, including Hadi Dehghan, Hamed Dehghan, and Seyed Hossein Shariat. They also named their companies as Ebtekar Sanat Ilya, Rastafann Engineering Company, and Asre Sanat Eshragh Company.
Mandelker said: "As the Iranian regime attempts to use complex schemes to hide its efforts to bolster its WMD [weapons of mass destruction] program, the U.S. government will continue to thwart them at every turn.”
The US and Oman also placed sanctions on four individuals - Muhammad Sarur, Kamal Abdelrahman Aref Awad, Fawaz Mahmud Ali Nasser, and Muhammad Kamal al-Ayy - accused of moving tens of millions of dollars between Iran's Quds Force and the military wing of Hamas, both of which are US-designated terror groups.
Mandelker said: “These facilitators funnelled tens of millions of dollars from Iran’s Qods Force through Hezbollah in Lebanon to HAMAS for terrorist attacks originating from the Gaza Strip. HAMAS’s continued violent campaign against innocent civilians and the state of Israel is to the great detriment of the people in Gaza. This Administration will not falter to hold HAMAS and its Iranian leaders accountable for their violence. Treasury will continue to disrupt terrorist networks by targeting those who generate funds to carry out the Iranian regime’s violent agenda.”
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