Lebanese bank hit by U.S. sanctions says deposits are insured
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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.
