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Jammal Trust Bank
Jamal Trust Bank (JTB, Arabic: جمّال ترست بنك) was a Lebanese bank founded in 1963, which was forced to close under US sanctions in 2019 for "helping to fund" the Lebanese Shiite Hezbollah movement in Lebanon. JBL had 25 branches in Lebanon, and representative offices in Nigeria, the Ivory Coast and Britain. History It was founded in 1963 as ''Invest Bank''. In 1971, it was bought by Ali Jammal and was renamed from to ''Jammal Investment Bank'' and finally JTB. The Jammal family are major shareholders, and Anwar Jammal, Ali's son, is its chairman and CEO. US sanctions 2019 In 2019, Riad Salameh, Governor of the Central Bank, said that he has approved the JTB self-liquidation request, which came after the sanctions in August of the same year, by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, which stated that the bank had "facilitated banking activities for Hezbollah". See also * List of Lebanese banks * Lebanese Canadian B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lebanon
Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus lies to its west across the Mediterranean Sea; its location at the crossroads of the Mediterranean Basin and the Arabian hinterland has contributed to its rich history and shaped a cultural identity of religious diversity. It is part of the Levant region of the Middle East. Lebanon is home to roughly six million people and covers an area of , making it the second smallest country in continental Asia. The official language of the state is Arabic, while French is also formally recognized; the Lebanese dialect of Arabic is used alongside Modern Standard Arabic throughout the country. The earliest evidence of civilization in Lebanon dates back over 7000 years, predating recorded history. Modern-day Lebanon was home to the Phoenicians, a m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lebanese Shia Muslims
Lebanese Shia Muslims ( ar, المسلمون الشيعة اللبنانيين), historically known as ''matāwila'' ( ar, متاولة, plural of ''mutawālin'' ebanese pronounced as ''metouali'' refers to Lebanese people who are adherents of the Shia branch of Islam in Lebanon, which plays a major role along Lebanon's main Sunni, Maronite and Druze sects. Shia Islam in Lebanon has a history of more than a millennium. According to the ''CIA World Factbook'', Shia Muslims constituted an estimated 28% of Lebanon's population in 2018. Most of its adherents live in the northern and western area of the Beqaa Valley, Southern Lebanon and Beirut. The great majority of Shia Muslims in Lebanon are Twelvers. However, a small minority of them are Alawites and Ismaili. Under the terms of an unwritten agreement known as the National Pact between the various political and religious leaders of Lebanon, Shias are the only sect eligible for the post of Speaker of Parliament. History O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hezbollah
Hezbollah (; ar, حزب الله ', , also transliterated Hizbullah or Hizballah, among others) is a Lebanese Shia Islamist political party and militant group, led by its Secretary-General Hassan Nasrallah since 1992. Hezbollah's paramilitary wing is the Jihad Council, and its political wing is the Loyalty to the Resistance Bloc party in the Lebanese Parliament. After the Israeli invasion of Lebanon in 1982, the idea of Hezbollah arose among Lebanese clerics who had studied in Najaf, and who adopted the model set out by Ayatollah Khomeini after the Iranian Revolution in 1979. After failing to agree on a name for the new organisation, the party's founders adopted the name chosen by Ayatollah Khomeini, Hezbollah. The organization was established as part of an Iranian effort, through funding and the dispatch of a core group of Islamic Revolutionary Guard Corps (pasdaran) instructors, to aggregate a variety of Lebanese Shia groups into a unified organization to resist the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ivory Coast
Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is the port city of Abidjan. It borders Guinea to the northwest, Liberia to the west, Mali to the northwest, Burkina Faso to the northeast, Ghana to the east, and the Gulf of Guinea (Atlantic Ocean) to the south. Its official language is French, and indigenous languages are also widely used, including Bété, Baoulé, Dioula, Dan, Anyin, and Cebaara Senufo. In total, there are around 78 different languages spoken in Ivory Coast. The country has a religiously diverse population, including numerous followers of Christianity, Islam, and indigenous faiths. Before its colonization by Europeans, Ivory Coast was home to several states, including Gyaaman, the Kong Empire, and Baoulé. The area became a protectorate of France in 1843 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riad Salamé
Riad Toufic Salameh (Arabic: رياض توفيق سلامة, born July 17, 1950) is the current Governor of Lebanon's central bank, Banque du Liban since April 1993. He was appointed Governor by decree, approved by the Council of Ministers for a renewable term of six years. He was reappointed for four consecutive terms; in 1999, 2005, 2011 and 2017. He is the longest-serving central bank governor in the world. Although credited for maintaining the stability of the Lebanese pound until 2019, Salameh is accused of corruption, money laundering and running the largest Ponzi scheme in history. Early life Riad Salameh was born in Antelias in 1950 into a Christian Maronite family of successful business people, long based in Liberia. His father Toufic Salameh owned the Cedars Hotel in Broummana, and his mother Raniah was a "well-known charitable activist" and Lebanese Red Cross member who was murdered in 1982. He has three siblings. Salameh grew up in his grandfather's house in Ante ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Du Liban
Banque du Liban (BdL, ar, مصرف لبنان, English: Bank of Lebanon) is the central bank of Lebanon. It was established on August 1, 1963, and became fully operational on April 1, 1964. It is currently headed by Riad Salameh. One of the main responsibilities of the bank is issuing Lebanon's currency, the Lebanese Pound. Other responsibilities include maintaining monetary stability, regulation of money transfers, and maintaining the soundness of the banking sector. Banking is a very important part of Lebanon's economy with over 100 different banks, which makes the role of BdL particularly important. It currently owns 99.37% of the shares of Lebanon's national carrier, Middle East Airlines. The BdL is also the dominant shareholder of the Intra Investment Company (IIC) which in turn owns 53% of Casino du Liban, making it the only central bank worldwide to rule over a Las Vegas-style gambling casino. Besides the main branch in Beirut, it has branches in Aley, Baalbeck, Bikfaya ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of Foreign Assets Control
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy objectives. Under Presidential national emergency powers, OFAC carries out its activities against foreign states as well as a variety of other organizations and individuals, like terrorist groups, deemed to be a threat to U.S. national security. As a component of the U.S. Treasury Department, OFAC operates under the Office of Terrorism and Financial Intelligence and is primarily composed of intelligence targeters and lawyers. While many of OFAC's targets are broadly set by the White House, most individual cases are developed as a result of investigations by OFAC's Office of Global Targeting (OGT).Yukhananov, Anna, and Warren Strobel"After Success on Iran, U.S. Treasury's Sanctions Team Faces New Challenges" Reuters, April 14, 2014. Sometime ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Lebanon
This is a list of banks in Lebanon. List of banks Central bank * Banque du Liban (BDL) List of Banks Lebanese based banks sorted by their significant presence domestically and overseas: * Bank Audi * Byblos Bank * Bank of Beirut * Bank of Beirut and Arab Countries * BankMed * Banque Libano-Française * BLOM Bank * BSL Bank * Cedrus Bank * Creditbank * Crédit Libanais * First National Bank * Fransabank * Intercontinental Bank of Lebanon (IBL) * Lebanon and Gulf Bank * Saradar Bank * Bank of Beirut * Société Générale de Banque au Liban (SGBL) * Lebanese Swiss Bank * AM Bank (Al-Mawarid Bank) * Lebanese Canadian Bank * Jammal Trust Bank * CSCBank * Intra Bank * Fenicia Bank Foreign banks * Citi * Arab Bank * Banca di Roma * National Bank of Kuwait (Lebanon) Closed banks * Al-Madina Bank See also * Economy of Lebanon * List of banks in the Arab world External links Banking in Lebanon {{DEFAULTSORT:List Of Banks In Lebanon Banks Lebanon Business in Leba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lebanese Canadian Bank
The Lebanese Canadian Bank (LCB), now defunct, was a bank based in Beirut in Lebanon, which maintained a network of 35 branches in Lebanon and a representative office in Montreal, Quebec, Canada. The bank was established in 1960 as Banque des Activities Economiques SAL and was a subsidiary of the Royal Bank of Canada Middle East from 1968 to 1988, when it became a privately owned Lebanese bank. LCB provided corporate, retail, and investment products, and maintained extensive correspondent accounts with banks worldwide, including several U.S. financial institutions. In 2009, LCB's total assets were worth more than $5 billion. In 2011, the US Drug Enforcement Administration and US Treasury and other US government authorities took legal action against LCB alleging that LCB had helped launder hundreds of millions of dollars monthly for a drug trafficking network between South America and the Middle East and Europe, via West Africa, a network which also helped the funding of Hezbollah a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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