Treasury dept announces largest sanctions on Houthi procurement network to date
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The Trump administration sanctioned 32 individuals and entities, as well as four vessels, linked to the Iran-backed terror group.
The Trump administration sanctioned 32 individuals and entities and four vessels that it said are part of the “global illicit fundraising, smuggling, and weapons procurement operations” of the Houthis terror group in Yemen, the U.S. Treasury Department announced on Thursday.
The individuals, entities and vessels sanctioned all serve distinct roles in Houthi operations, including a network of businesses and individuals that smuggle Iranian oil products into Yemen that the department said was valued at $1 billion.
They also sanctioned Houthi officials accused of money laundering and companies that serve as a front to manage Houthi maritime trade in order to avoid international detection and scrutiny.
The department stated that this is the largest sanctions action to date targeting the Iran-backed terror group.
“The Houthis continue to threaten U.S. personnel and assets in the Red Sea, attack our allies in the region, and undermine international maritime security in coordination with the Iranian regime,” said John Hurley, under secretary of the Treasury for terrorism and financial intelligence.
