US Treasury sanctions Lebanon’s Jammal Trust Bank for Hezbollah support

The US on Thursday sanctioned Lebanon-based Jammal Trust Bank SAL and its subsidiaries for allegedly facilitating the financial activities of Hezbollah. One of the group's supporters holds up an image of its leader Sayyed Hassan Nasrallah. (Reuters)
Updated 29 August 2019

US Treasury sanctions Lebanon’s Jammal Trust Bank for Hezbollah support

  • Said the bank gives money to the families of suicide bombers
  • Treasury also sanctioned four individuals for moving money from Hamas to Hezbollah

WASHINGTON: The US on Thursday sanctioned Lebanon-based Jammal Trust Bank SAL and its subsidiaries for allegedly facilitating the financial activities of Hezbollah, according to the Treasury Department. 

It said the bank gives money to the families of suicide bombers.

“The Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hezbollah’s financial activities,” the statement said.

“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, Under Secretary for Terrorism and Financial Intelligence. 

“The US 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.”

The Department of State designated Hezbollah as a Foreign Terrorist Organization in October 1997 and as a Specially Designated Global Terrorist (SDGT) in October 2001.

Separately, the Treasury also sanctioned four individuals for moving money from Iran's Islamic Revolutionary Guard Corps (IRGC) to Hamas through Hezbollah, which the US says is backed by Iran.


Kais Saied wins Tunisia presidency by ‘significant margin’

Updated 18 min 12 sec ago

Kais Saied wins Tunisia presidency by ‘significant margin’

  • Saied garnered 2.7 million votes against one million received by his rival business tycoon Nabil Karoui in Sunday's runoff, the commission said

TUNIS: Tunisia's election commission said a preliminary count shows conservative law professor Kais Saied has won the country's presidential election by a significant margin.
The commission reported Monday that Saied, who hasn't held elected office before, received 72.71% of the vote. His opponent, media mogul Nabil Karoui, got 27.29%.
The results confirm exit polls from Sunday's election.
Nabil Bafoun, head of the electoral commission, said "by looking at the result ... and knowing that it represents an absolute majority for this second round of the presidential elections, we, the Tunisian electoral commission, declare Mister Kais Saied winner of the presidential elections."
The commission said that Saied got a majority of the votes in each of the 33 electoral districts. He exceeded 90% in six traditionally very conservative southern districts.
The 61-year-old Saied is an independent outsider but has support from moderate party Ennahdha, which won Tunisia's parliamentary election last week.
He has promised to overhaul the country's governing structure to give more power to young people and local governments.
Karoui, 56, told supporters Sunday the race wasn't over because his legal team would explore options. He was arrested Aug. 23 in a corruption investigation and released with only two days left to campaign.
French President Emmanuel Macron congratulated Saied for his election in a phone call Monday and wished him "success for Tunisia."
Macron stressed the Tunisian people's "democratic mobilization" over the past several weeks. He told Saied that he intends to pursue and enhance the partnership between the two countries.
Egyptian President Abdel-Fattah El-Sisi congratulated the Tunisian people and the elected president in a written statement.
If no legal action is taken to challenge the results, the electoral body is set to announce the definitive vote count on Thursday. Tunisia's parliament will then hold an extraordinary session during which the newly elected president will be sworn in and will formally start his five-year term.
The presidential vote was held early following the July death in office of President Beji Caid Essebsi.