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Treasury Increases Financial Pressure on the Houthis

Excerpt:  “Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Yemen-based Yemen Kuwait Bank for Trade and Investment Y.S.C (Yemen Kuwait Bank) for its financial support to Ansarallah, commonly known as the Houthis. A U.S.-designated terrorist organization, Houthis continue to attack U.S. military personnel, U.S. regional partners, and legitimate commerce in the Red Sea. … Today’s designation builds on previous Treasury sanctions that have targeted Houthi-affiliated exchange houses and international finance networks responsible for channeling the illicit proceeds of Iranian petroleum sales to the Houthis.”