Yemen Kuwait Bank Sanctioned For Funding Houthi Attacks & Illegal Iranian Oil Trade

Yemen Kuwait Bank Sanctioned For Funding Houthi Attacks & Illegal Iranian Oil Trade
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The U.S. Department of the Treasury has imposed sanctions on Yemen Kuwait Bank for helping the Houthis, a group designated as a terrorist group by the U.S.

The Houthis have been attacking U.S. military personnel and disrupting shipping in the Red Sea.

Bradley T. Smith, Acting Under Secretary of the Treasury, said the Houthis use banks like Yemen Kuwait Bank to get access to the global financial system and fund their attacks.

He added that the U.S. is working...

https://www.marineinsight.com/shipping-news/yemen-kuwait-bank-sanctioned-for-funding-houthi-attacks-illegal-iranian-oil-trade/

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