Treasury Department Sanctions Houthi Funding Network

Houthi rebels have escalated attacks in the Red Sea. 

The Department of the Treasury’s Office of Foreign Assets Control implemented sanctions against an alleged funding network that sends Iranian funds to the Houthi rebels in Yemen on Thursday. The head of the Currency Exchanges Association in Sana’a and three other exchange houses in both Yemen and Turkey were sanctioned for “facilitating the flow of Iranian assistance to Houthi forces and their destabilizing activities.” 

The Treasury Department stated, “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-Qods Force (IRGC-QF).” 

Since Hamas attacked Israel on October 7, the Houthis have attacked shipping vessels in the Red Sea and sent drones and missiles in the direction of Israel. On Tuesday, American military forces shot down 12 drones, three anti-ship ballistic missiles, and two land-attack missiles fired by Houthis in a ten-hour barrage. 

“U.S. assets, to include the USS Laboon and F/A-18 Super Hornets from the Eisenhower Carrier Strike Group, shot [them] down,” said U.S. Central Command, the Defense Department’s combatant command in the Middle East. “There was no damage to ships in the area or reported injuries.” 

As the Lord Leads, Pray with Us…

  • For Treasury Secretary Yellen and Under Secretary Nelson as they designate and set sanctions against entities supporting terrorism.
  • For General Kurilla as he oversees the U.S. Central Command.
  • For the safety of U.S. military personnel stationed in the Middle East.

Sources: The Hill, Stars & Stripes, Department of the Treasury

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