Name: Fate of Jammal Trust Bank after US sanctions
Uploaded: 2019-08-30T17:44:35+00:00
Description: Washington hit Lebanese Jammal Trust Bank and its

Washington hit Lebanese Jammal Trust Bank and its subsidiaries with sanctions on Thursday for allegedly facilitating the financial activities of Hezbollah movement in Lebanon.

The U.S. Treasury Department accused the bank of funneling money to the families of suicide bombers.

The bank has 27 branches in Lebanon with around 400 employees and 3 representative offices in the world, namely in Britain, Ivory Coast and Nigeria.

This report will shed light on the bank’s fate after the US sanctions.

Fate of Jammal Trust Bank after US sanctions

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Lebanon

US

Sanctions

Bank