OFAC sanctions International Bank of Yemen and its top executives for facilitating Iran-backed Houthi operations via the SWIFT network, enabling oil purchases and evading sanctions

As part of this designation, OFAC is also sanctioning key leaders or officials of IBY, Kamal Hussain Al Jebry, Ahmed Thabit Noman Al-Absi, and Abdulkader Ali Bazara.  The designation of IBY complements the whole-of-government effort to stop Iran-backed Houthi attacks against commercial shipping in the Red Sea…