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Washington: We will continue to target entities that fund Hezbollah

The US State Department has announced that its country will continue to target bodies and individuals that finance Hezbollah, but will continue to work with other Lebanese institutions.
"We will continue to target and support individuals and entities involved in funding Hezbollah while working closely with the Central Bank of Lebanon and other Lebanese institutions that seek to maintain the integrity and stability of the Lebanese banking system," the State Department said.
The State Department's comment came after the US Treasury Department announced sanctions on Lebanon's Jammal Trust Bank for providing financial services to Hezbollah, and on several financial intermediaries accused of transferring funds to the Palestinian Hamas movement.
The US Treasury Department announced that it had included Jammal Trust Bank on the sanctions list. As a major financial institution for Hezbollah.
Sigal Mandelker, Under Secretary for Terrorism and Financial Intelligence, said in a statement that the ministry “Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hizballah’s financial activities" including using accounts to funnel money to its representatives and their families.
The bank is accused of allowing Hezbollah to “hide its active banking relationship with several organizations of the Martyrs Foundation,” a US-listed institution that has been on the list since 2007. It is a semi-governmental Iranian entity that provides financial support to Hezbollah in particular.
Four insurance companies affiliated with Jammal Trust were also blacklisted.
"Corrupt financial institutions such as the Jammal Trust pose a direct threat to the integrity of the Lebanese financial system," Mandelker said.
The Treasury Department said in a statement that it was urging the Lebanese government to mitigate the impact of these sanctions on "innocent bank account holders who do not know that Hezbollah is putting their savings at risk."
A US official said the pressure on Jammal Trust, a modest but favored institution of Hezbollah, should be seen as a warning. "Hezbollah and its Iranian masters must remain outside Lebanon's financial institutions." “This strategy is to curb all funding opportunities,” he said.
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BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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