On 10 June, OFAC announced that 7 individuals, 4 entities and 1 vessel have been added to its SDN List. At the same time 10 names (individuals and entities) have been removed, and 2 other existing entries have been amended. The new sanctions designate members of a smuggling network that helps fund Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis in Yemen. Led by Iran-based Houthi financier Sa’id al-Jamal, this network is said to generate tens of millions of dollars in revenue from the sale of commodities, like Iranian petroleum, a significant portion of which is then directed through a complex network of intermediaries and exchange houses in multiple countries to the Houthis in Yemen.
Any modest contributions for my time and ongoing expenses are welcomed! I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y