Overview

• The U.S. sanctioned the International Bank of Yemen (IBY) for providing financial support to the Iran-backed Houthi group in Yemen.
• Key IBY leaders Kamal Hussain Al Jebry, Ahmed Thabit Noman Al-Absi, and Abdulkader Ali Bazara were also designated under Executive Order 13224.
• These sanctions aim to block IBY's access to the SWIFT network, cutting off international financial transactions critical to Houthi operations.
• The action is part of a broader U.S. strategy to disrupt militant financial networks and prevent Houthi attacks on commercial shipping in the Red Sea.
• All U.S.-linked assets of the sanctioned individuals and entities are frozen, and transactions involving them are prohibited.