Trump admin imposes sanctions against Bank of Yemen for supporting Houthis
Fox News
The Trump administration announced it was imposing sanctions against the International Bank of Yemen and several of its leaders for supporting Iran-backed Houthi terrorists.
"Financial institutions like IBY are critical to the Houthis’ efforts to access the international financial system and threaten both the region and international commerce," Deputy Secretary of the Treasury Michael Faulkender said. "Treasury remains committed to working with the internationally recognized government of Yemen to disrupt the Houthis’ ability to secure funds and procure key components for their destabilizing attacks." Greg Wehner is a breaking news reporter for Fox News Digital.
Based in Sana’a, Yemen, the IBY is controlled by the Iran-backed Houthis and provides the group with access to the bank’s Society for Worldwide Interbank Financial Telecommunications (SWIFT) network to make international financial transactions, the Treasury said. Story tips and ideas can be sent to Greg.Wehner@Fox.com and on Twitter @GregWehner.
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