Trust Insurance Services

ifmat - Trust Insurance

Subsidiary of Jammal Trust and is 90% owned by the bank

Country:

Lebanon  

Status:Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Risk Level:99%

May harm your business future. Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action.

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Info:
OFAC designated Trust Insurance Services S.A.L. (Trust Insurance Services) for being owned or controlled by Jammal Trust;

Trust Insurance Services, which was established in 2012, is a subsidiary of Jammal Trust and is 90% owned by the bank;

Jammal Trust assists in, sponsors, or provides financial, material, or technological support for, or financial or other services to or in support of, Hizballah. Jammal Trust knowingly facilitates the banking activities of U.S.-designated entities openly affiliated with Hizballah, Al-Qard al-Hassan and the Martyrs Foundation, in addition to services it provides to Hizballah’s Executive Council. Hizballah has used accounts at Jammal Trust to pay its operatives and their families, and Jammal Trust has actively attempted to conceal its banking relationship with numerous wholly owned Martyrs Foundation subsidiaries;

Also Known As:
Trust Insurance Services S.A.L.

Country:
Lebanon

Address:
JTB Tower, Tahweeta High Way, Elias Hraoui Avenue, Beirut, Lebanon

Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 29, 2019 pursuant to Executive Order 13224 for being owned or controlled by Jammal Trust;