Treasury Sanctions Houthi Illicit Revenue and Procurement Networks

Action includes dozens of targets facilitating the full cycle of Houthi fundraising, smuggling, and attack operations WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 32 individuals and entities and identifying four vessels in Treasury’s largest sanctions action to date targeting Iran-backed Ansarallah, commonly known as the Houthis. The networks targeted today are part of the Houthis’ global illicit fundraising, smuggling, and weapons procurement operations, and include Houthi-associated companies, their owners, and other key Houthi operatives located in Yemen, China, the United Arab Emirates, and the Marshall Islands. “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 Under Secretary of the Treasury for Terrorism and Financial Intelligence John K.