US Sanctions 7 People, 4 Entities, 1 Vessel Over Financing Houthis, IRGC - Treasury
Umer Jamshaid Published June 10, 2021 | 10:14 PM
The United States sanctioned seven individuals, four entities and one vessel involved with a smuggling network that financed Iran's Islamic Revolutionary Guard Corps and the Houthi movement, the Treasury Department said in a release on Thursday
WASHINGTON (UrduPoint News / Sputnik - 10th June, 2021) The United States sanctioned seven individuals, four entities and one vessel involved with a smuggling network that financed Iran's Islamic Revolutionary Guard Corps and the Houthi movement, the Treasury Department said in a release on Thursday.
"Today, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) is designating members of a smuggling network that helps fund Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis in Yemen," the release said. "Led by Iran-based Houthi financier Sa'id al-Jamal, this 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.
"
In addition to sanctioning al-Jamal, the US State Department also lifted sanctions against three former Iranian government officials involved in the sale of petrochemical products. The delistings come as the result of verified changes in the behavior of the sanctioned parties.
Related Topics
Recent Stories
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
Russian military jet crashes into sea off Crimea: Governor
Rain-windstorm/thunderstorm likely at various parts of country
Implementation of Sindh Agriculture Workers Act-2019 demanded
Pandemic accord talks heading for extra time
Khawaja reiterates PM commitment to judiciary
More Stories From World
-
Bus plunges off S.Africa bridge killing 45: ministry
2 hours ago -
S.Africa's ex-president Zuma barred from May election
3 hours ago -
Tax the rich: slow progress on the international front
3 hours ago -
Bus plunges off S.Africa bridge killing 45: ministry
3 hours ago -
Russia sentences journalist to 2 years in prison, detains others
3 hours ago -
France asks for foreign help for Olympics security: officials
4 hours ago
-
04 killed in Spain as Storm Nelson looms
4 hours ago -
Russian military jet crashes into sea off Crimea: Governor
4 hours ago -
Pandemic accord talks heading for extra time
4 hours ago -
French parliament backs bill against hair discrimination affecting black women
4 hours ago -
Russia says 'evidence' links Ukraine to Moscow attack
4 hours ago -
Russian shelling kills three in Ukraine, officials say
4 hours ago