US Sanctions Yemeni Money Network Over Pro-Palestine Action
The US Treasury Department's Office of Foreign Assets Control (OFAC) on 28 December imposed unilateral economic sanctions on one individual and two currency exchange houses in Yemen, accusing them of “facilitating” the flow of funds for the Ansarallah resistance movement.
“Today’s action underscores our resolve to restrict the illicit flow of funds to [Ansarallah], who continue to conduct dangerous attacks on international shipping and risk further destabilizing the region,” said Brian Nelson, the US Treasury under-secretary for terrorism and financial intelligence.
The sanctions targeted Nabil Ali Ahmed – reportedly the head of the Currency Exchangers Association in Sanaa – and the Yemen-based Nabco Money Exchange and Remittance Co. and Al Raqda Exchange and Money Transfers Company.