Treasury slaps sanctions on alleged funding network for Houthis ...Middle East

The Treasury Department on Thursday slapped sanctions on an alleged network sending Iranian funds to Yemen's Houthi rebels amid the group's escalated attacks at shipping vessels in the Red Sea. The head of the Currency Exchangers Association in Yemen, along with three exchange houses in Yemen and Turkey, will face sanctions from the Treasury Department for "facilitating the flow of Iranian assistance to Houthi forces and their destabilizing activities," the Treasury announced Thursday. "These persons have facilitated the transfer of millions of dollars to the Houthis at the direction of U.S.-designated Sa’id al-Jamal, who is affiliated with Iran’s Islamic Revolutionary Guard Corps

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Last updated : 28 Dec 2023 clock 07:49 PM

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Treasury slaps sanctions on alleged funding network for Houthis ...Middle East

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