US sanctions Lebanese bank used by Hezbollah, Gaza terror finance network


(Worthy News) – The Treasury Department on Thursday targeted a Lebanese bank the Trump administration calls the “bank of choice” of Hezbollah, Iran’s proxy in Lebanon, as part of a maximum pressure campaign against Tehran.

The US, in partnership with Oman, also announced sanctions against individuals accused of moving tens of millions of dollars between Iran’s elite Quds Force and the military wing of the Islamic militant group Hamas in Gaza.

The Treasury sanctioned Jammal Trust Bank, a financial institution based in Lebanon that facilitates banking activities for Hezbollah, and its three subsidiaries. The bank and Hezbollah have been doing business since at least the mid-2000s, the department said. [ Source: Times of Israel (Read More…) ]

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