Treasury Increases Financial Pressure on the Houthis

WASHINGTON — 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.“The Houthis rely on a few key financial institutions like Yemen Kuwait Bank to access the international financial system and finance their destabilizing attacks in the region,” said Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith.