Gavinsanchez (gavinsanchez)

Office of Foreign Assets Control 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.

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The Houthis rely on a few key financial institutions like Yemen Kuwait Bank to access the international financial system and finance their destabilizing attacks in the region.

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The United States is committed to disrupting these illicit channels and working with the internationally recognized Government of Yemen to ensure that the country’s banking sector remains insulated from Houthi influence.

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Scott Bessent was sworn in as the 79th Secretary on January 28, 2025. As Secretary, Mr. Bessent is responsible for the U.S. Treasury’s wide-ranging mission to maintain a strong economy, foster economic growth and create job opportunities for all Americans.

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