US Treasury Sanctions Bank for Funding Iran-Backed Houthis

US Treasury Sanctions Bank for Funding Iran-Backed Houthis

On January 17, 2025, the US Treasury imposed sanctions on the Yemen and Kuwait Bank for Commerce and Investment (YSC) for providing financial support to the Iran-backed Houthis. The sanctions aim to disrupt the Houthis' access to the international financial system and their funding for destabili...

US Treasury Department Hit by Cyberattack Linked to Chinese Hackers

US Treasury Department Hit by Cyberattack Linked to Chinese Hackers

On December 30, 2024, the US Treasury Department revealed it had been the target of a cyberattack orchestrated by state-sponsored Chinese hackers, according to an internal document. The breach allowed the hackers to bypass security measures and access non-classified documents after compromising...

US Imposes New Sanctions on Houthi Leaders and Money Exchange Firms

US Imposes New Sanctions on Houthi Leaders and Money Exchange Firms

On December 19, 2024, the U.S. Department of the Treasury announced a new round of sanctions targeting six Houthi leaders and five money exchange and shipping companies involved in the illicit arms trade, money laundering, and the illegal shipment of Iranian oil to the Houthi group. According t...