US Treasury imposes sanctions on IBY bank for financing Houthi terrorist militia

Saudi Cabinet Condemns Houthi Allegations, Reaffirms Support for Yemen

Saudi Arabia's Cabinet has strongly condemned what it called baseless allegations and false accusations made by the Houthi militia, reaffirming the Kingdom's continued support for the Yemeni people and their internationally recognized government.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/22 Time 08:58:58
Latest News:

Bahrain Reaffirms Support for Yemen's Unity, Sovereignty

President al-Alimi: Houthi Militias-Controlled Regions Turned into Worst Place to Live on Earth

Health Minister, UNICEF Representative Discuss Expanding Support for Yemen's Health Sector

Yemen Calls on ICAO to Uphold International Aviation Law Following Airspace Violation

GCC Rejects Houthi Claims Against Saudi Arabia, Condemns Threats to Maritime Security

US Treasury imposes sanctions on IBY bank for financing Houthi terrorist militia

[17/04/2025 06:37]

WASHINGTON - SABA
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury today imposed sanctions on the International Bank of Yemen (IBY) for its financial support of the Houthi terrorist militias, as part of U.S. efforts to halt Houthi attacks supported by the Iranian regime on commercial shipping in the Red Sea.

In a press statement published by the U.S. Embassy in Yemen, the office noted that as part of this designation, sanctions are being imposed on Kamal Hussein Al-Jabri, the Chairman of the Board of Directors of the International Bank of Yemen; Ahmed Thabit Numan Al-Absi, the bank's CEO; and Abdul Qadir Ali Bazara'a, the Deputy General Manager of the bank.

U.S. Deputy Secretary of the Treasury Michael Fulkander stated: "Financial institutions, like the International Bank of Yemen, are critical to the Houthis' efforts to access the global financial system and pose a threat to both the region and international trade."

The Treasury Department affirmed its commitment to working with the internationally recognized Yemeni government to disrupt the ability of the Houthi terrorist militias to secure funds and purchase key components for their destabilizing attacks, supporting the sovereignty of the Yemeni government over the Yemeni banking system.

The statement indicated that the action taken today against the International Bank of Yemen and its officials follows the designation of the Yemen and Kuwait Bank for Trade and Investment on January 17, 2025, further targeting the Houthis' access to and exploitation of the Yemeni banking sector.

The U.S. Treasury noted that the Houthi terrorist militias have taken control of the International Bank of Yemen, which provides the terrorist group access to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network for conducting international financial transactions.

The bank has facilitated the Houthis' attempts to evade scrutiny and bypass sanctions by mobilizing resources, allowing companies and officials linked to the Houthis to purchase oil via the bank's SWIFT network and seize the assets of Houthi opponents. Furthermore, the bank has refused to comply with requests from the Central Bank of Yemen in Aden for information in order to avoid revealing details of its assistance to the Houthis.