US SLAPS SANCTIONS ON ANOTHER IRANIAN-LINKED ENTITY THIS WEEK
US SLAPS SANCTIONS ON ANOTHER IRANIAN-LINKED ENTITY THIS WEEK Aug 31, 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 procuremen...