The US Department of the Treasury of Foreign Assets Control (OFAC) office has imposed sanctions against a network of financial facilitators and tenders that deliver the Houthis, a terrorist organization supported by Iran who has attacked dozens of ships in the Red Sea and Gulf or Aden.
In a statement, the OFAC says that the action has taken a Houthi network that cooperates with Sa’id al-Jamal, a financial facilitator with ties with the Islamic Revolutionary Guard-Qods Force (IRGC-QF) from Iran.
Al-Jamal’s network has purchased millions of weapons and other raw materials from Russia, including stolen Ukrainian grain, and shipped the goods to the Houthis in Yemen.
The new sanction includes eight crypto portfolios that the OFAC says the Houthis used to transfer funds in connection with their activities. The development makes it illegal to handle these crypto addresses.
“Unless authorized by a general or specific license issued by OFAC or exempt, American sanctions generally prohibit all transactions by American persons or within (or handling) the United States that owned ownership or interests owned or otherwise blocked persons.”
According to the Blockchain Inflooringbedrijf TRM Labs, two of the crypto addresses were already linked to Sa’id al-Jamal. The other wallet have ties with entities that the National Bureau for Counter Terror Financing (NBCTF) of Israel is marked as involved in terrorist financing.
Analysis of the chain also shows that millions of dollars in funds from this wallet have moved to those who belong to other risky and of AC-Gesancticated entities, as well as manufacturers and sellers of unmanned aircraft (UAVs) and anti-uav equipment connected to China and Russia.
Follow us on X, Facebook and Telegram
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Surf the Daily Hodl -Mix
Generated image: midjourney