US Treasury Increases Financial Pressure on the Houthis

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. The designation builds on previous Treasury sanctions that have targeted Houthi-affiliated exchange houses and international finance networks (Read more at U.S. Department of the Treasury).