Mexican tomato exporters are conducting unfair trade practices and dumping tomatoes into the U.S. market, despite the 2019 Tomato Suspension Agreement. This is forcing American tomato farmers out of business and destroying the domestic tomato industry. U.S....
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Rubio Praises U.S. Sanctions Targeting Foreign Bank for Hizballah Terror Financing
Miami, FL — U.S. Senator Marco Rubio (R-FL) today issued a statement after the U.S. Treasury Department, pursuant to Executive Order 13224, designated Jammal Trust Bank SAL, a Lebanon-based financial institution, and three of its subsidiaries as “Specially Designated Global Terrorists” (SDGTs) for knowingly facilitating the financial activities of the Iran-backed Hizballah terrorist group. Today’s designation also subjects Jammal Trust Bank and its subsidiaries to secondary sanctions under U.S. regulations implementing the Rubio-authored Hizballah sanctions laws.
“The Treasury Department’s sanctions against Jammal Trust Bank put on notice all foreign financial institutions that enable Iran-backed Hizballah and its activities,” Rubio said. “I thank the Administration for its actions today to counter Hizballah, and I urge it to continue fully enforcing the sanctions laws that I authored to combat Hizballah’s terrorist financing.”
Senator Rubio authored the 2018 sanctions law, the Hizballah International Financing Prevention Amendments Act (Public Law 115-272), with Senator Jeanne Shaheen (D-NH), Banking Committee Chairman Mike Crapo (R-ID), and Banking Committee Ranking Member Sherrod Brown (D-OH). Rubio also co-authored the 2015 law, the Hizballah International Financing Prevention Act (Public Law 114-102).
Related:
- On July 9, 2019, Rubio praised new Treasury sanctions on Iran-backed Hizballah operatives for supporting terrorism