Lebanese bank hit by US sanctions says deposits are insured
A Lebanese bank targeted by the U.S. Department of
the Treasury for “knowingly facilitating banking activities” for the militant
Hezbollah group says it will remain open and guarantees all deposits are
insured at the time they are due.
Last week, the Treasury’s Office of Foreign Assets
Control sanctioned Jammal Trust Bank, adding it to its list of global terrorist
organizations.
The bank’s statement on Tuesday also confirms its
commitment to abiding strictly by the rules and regulations of the Central Bank
of Lebanon and denies all allegations against it.
The bank says it’s continuously coordinating with
Lebanon’s central bank “to overcome the current crisis and will do everything
possible to clear its good name.”
The U.S. has been imposing sanctions on officials
from Hezbollah, which Washington considers a terrorist organization.
