US sanctions Lebanese bank, individuals over ties to Hezbollah and Hamas

The US on Thursday sanctioned Lebanon-based Jammal Trust Bank SAL and its subsidiaries for facilitating the financial activities of Hezbollah terror group, according to the Treasury Department, which said the bank funnels money to the families of suicide bombers.

Separately, it also sanctioned four individuals for moving money from Iran’s Islamic Revolutionary Guard Corps to Hamas through the Iranian-backed Hezbollah terror group.

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“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 Treasury Department said in a statement.

“I commend President Trump and the American administration for the important decision to impose sanctions on a Lebanese bank that serves as an Iranian financing arm for the Hezbollah terrorist organization. This is an important step designed to put pressure on Iran and its proxies, which are acting against the State of Israel. I also call on other countries to take action against the Iranian aggression in the Middle East,” PM Netanyahu said.

Earlier on Thursday, the IDF revealed that senior Iranian and Hezbollah terrorists have been working on an expensive and classified project since 2013, attempting to build factories to produce precision missiles in South Lebanon, Beirut and Bekaa.