Kenneth Rijock

Kenneth Rijock

Thursday, August 29, 2019

HEZBOLLAH'S BANK: OFAC SANCTIONS JAMMAL TRUST BANK SAL AND ITS AFFILIATES



Jammal Trust Bank SAL a/k/a JTB Bank has been sanctioned by OFAC, named a Specially Designated Global Terrorist Organization, for providing financial services to Hezbollah and its affiliates. It has been accused of knowingly facilitating banking activities for Hezbollah, "Jammal Trust has a longstanding relationship with a key Hezbollah financial entity, and provides financial services to Hezbollah's Executive Council and the Iran-based Martyrs Foundation."

The bank's Lebanon-based subsidiaries have also been designated:
(1) TRUST INSURANCE S.A.L.
(2) TRUST INSURANCE SERVICES S.A.L.
(3) TRUST LIFE INSURANCE COMPANY S.A.L.

The key Hezbollah financial entity mentioned above is AL-QARD AL-HASAN, an OFAC-sanctioned quasi-bank that engages in lending to Lebanon's Shi'ite community.






Readers who require the names of bank officers will find 42 of them at www.linkedin.com/
                                                         JTB Bank Directors


If you need additional information, the OFAC page is recommended. Access it here: https://www.treasury.gov/resource-center/sanctions/OFAC-enforcement/Pages/20190829.aspx

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