By Melissa Leon
The U.S. designated Lebanon-based Jammal Trust Bank a “global terrorist” Thursday over its ties to the Iran-backed Hezbollah terror group, one day after it slapped sanctions on Iranian networks it claimed facilitated “tens of millions of dollars’ worth” of activities that benefited Iran’s military and regime.
Washington, in partnership with Oman, also announced sanctions against four 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.
On Wednesday, the Treasury Department sanctioned two Iranian networks that it says engaged in “covert procurement activities benefitting multiple Iranian military organizations.”
One of the now-sanctioned networks used a front company in Hong Kong to evade sanctions imposed by the U.S. and other nations, and oversaw “tens of millions of dollars’ worth” of activity that targeted U.S. technology on behalf of people tied to the Islamic Revolutionary Guard Corps (IRGC) and the regime’s missile program, according to the Treasury Department.
The second network acquired aluminum alloy products for entities controlled or owned by the Iranian Ministry of Defense and Armed Forces Logistics.