The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)
recently announced terrorism-related sanctions imposed on a group of twe


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U.S. Treasury Department Sanctions Financing Network Of Iran-Backed Houthis

 

(New York, N.Y.) – The U.S. Department of the Treasury’s Office of Foreign
Assets Control (OFAC) recentlyannounced
<[link removed]> terrorism-related
sanctions imposed on a group of twelve individuals and entities reportedly
affiliated with funding the Iran-backed Houthis—officially known as Ansar Allah
(Partisans of God)—in Yemen. U.S. officials believe the targeted financing
network “generates tens of millions of dollars in revenue from the sale of
commodities, like Iranian petroleum, a significant portion of which is then
directed through a complex network of intermediaries and exchange houses in
multiple countries to the Houthis in Yemen.”

 

The individuals and entities—who allegedly are in cooperation with senior
officials of the Islamic Revolutionary Guard Corps (IRGC)’s Quds Force
(IRGC-QF)—sell commodities throughout the Middle East, Africa, and Asia. The
revenue from those sales have further supplemented the Houthis and their
ongoing offensive on Yemeni soil. Among the most notorious of the designations
isSa’id Ahmad Muhammad al-Jamal
<[link removed]>, an
Iran-based Houthi financial supporter, who directs the network of front
companies and vessels. Al-Jamal also maintains connections to Hezbollah as he
works with the group to send millions of dollars to support the Houthis and
their operations.

 

Yemeni officials have long accused Iran of providing political, financial, and
logistical support to theHouthis
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movements in Yemen. Despite a2015 U.N. Security Council Panel of Experts report
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confirming Tehran’s support of the rebel group since at least 2009, Iran and
the Houthis have historically denied engaging in past cooperation.
Nevertheless, other reports subsequently confirmed Iranian support, including a
Reuters article
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in December of 2014 confirming financial backing by Tehran. Only in2015
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did a Houthi official confirm that Iran provided “direct support” in the form
of logistics, intelligence, and cash, to the Houthis rebels.

 

According to the official, the group has received tens of millions of dollars
from the Iranian regime in recent years. Experts place the amount of financial
support from Iran at between $10 and $20 million per year, including at least
one alleged payment of $3.7 million.

 

The Houthis are a designated terror organization in Saudi Arabia and the
United Arab Emirates. The U.S. Department of State designated the Houthis as a
Foreign Terrorist Organization in January 2021, but revoked that designation
the following month.

 

To read the Counter Extremism Project (CEP)’s Houthis resource, please click
here <[link removed]>.

 

To read CEP’s Sa’id Ahmad Muhammad al-Jamal resource, please click here
<[link removed]>.

 

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