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| Biden Sanctions Alleged Houthi Financiers ‐ but Keeps Houthis Off Terrorist List |
| 2023-12-31 |
| [Breitbart] The Treasury Department announced a series of new sanctions on Thursday against companies accused of helping finance Yemen’s Houthi terrorist group, an attempt to limit the windfall of funding made available to the Houthis after President Joe Biden chose to delist them as a terror organization in 2021. Following a week of unsuccessful attempts to subdue the Houthi threat, the Treasury’s Office of Foreign Assets Control (OFAC) announced on Thursday a series of measures meant to keep funding out of Houthi coffers. OFAC sanctioned three currency exchange houses and Sa’id al-Jamal, the alleged leader of a Houthi financing network, to address their “facilitating the flow of Iranian financial assistance to Houthi forces and their destabilizing activities.” “The Sa’id al-Jamal network relies on a web of exchange houses based throughout the Middle East to facilitate the movement of Iranian funds to Houthi-aligned financial firms in Yemen,” OFAC explained in a press release announcing the sanctions. “These funds are ultimately transferred to the Houthis or affiliated businesses located throughout the region.” “Türkiye-based Al Aman Kargo Ithalat Ihracat Ve Nakliyat Limited Sirketi (Al Aman),” one of the sanctioned entities, “serves as a waypoint for money sent by the Houthis’ Iranian financiers to the group’s businesses in Yemen,” OFAC alleged. Another sanctions target, Nabco Money Exchange and Remittance Co. (Nabco), “serves as a financial intermediary to transfer funds to and from Yemen and has received millions of dollars in this fashion from the IRGC-QF on behalf of Sa’id al-Jamal’s network.” The sanctions will make it illegal for Americans to do business with those targeted and will freeze any assets they possess in America, if any. They will not directly affect the Houthi terrorist organization, however, as it remains absent from the State Department’s list of Foreign Terrorist Organizations. The Treasury has no power to alter the State Department list. Biden’s State Department removed the Houthis from the Foreign Terrorist Organization list in early 2021 as one of Biden’s first acts in office. State Department officials nakedly admitted that the Houthis had not, in any way, altered their behavior or abandoned terrorism but claimed that the listing prevented international humanitarian aid from entering Houthi-controlled areas of Yemen. By March, the State Department admitted that the Houthis stole humanitarian aid now flowing to Yemen, rather than distributing it to civilians. |
| Posted by:Skidmark |
| #1 Please concentrate on your primary terrorism business model. Come to us for your financial needs. |
| Posted by: Besoeker 2023-12-31 09:32 |