Today, Friday, the US Treasury Department announced the imposition of sanctions on the Yemen and Kuwait Trade and Investment Bank.

The US Treasury said that the Houthi militias depend on financial institutions such as the Bank of Yemen and Kuwait to access the international financial system

 The Bank of Yemen and Kuwait helps the Houthis exploit the Yemeni banking sector to launder and transfer money and establish and finance front companies 

 She noted: The United States is committed to disrupting illicit channels and working with the Yemeni government to ensure that the banking sector in the country remains isolated from the influence of the Houthis

The bank, which is headquartered in the capital, Sanaa, which is under the control of the Houthi group, is one of the largest commercial banks in Yemen, and the internationally recognized Yemeni government had previously stopped dealing with it, among five other commercial banks, before retracting the decision.